HONG KONG — Asian stocks declined Tuesday, tracking losses on Wall Street after U.S. stocks retreated from record highs. Oil prices fell back after rising earlier on escalating tensions in the war between the U.S. and Iran. U.S. futures edged 0.1% higher. Regional trading was thin, with markets in Japan, South Korea and mainland China … Read more
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The national average price of gas pushed higher Monday to $4.46 per gallon, as oil futures rose again after three days of declines, increasing the direct cost to consumers of the war with Iran. Subscribe to read this story ad-free Get unlimited access to ad-free articles and exclusive content. U.S. crude oil rose over 4% … Read more
Shares were mixed in Asia on Monday after U.S. stocks set more records, powered by strong profits for major companies. Oil prices held steady after U.S. President Donald Trump said the U.S. would help ships leave the Strait of Hormuz, starting on Monday. Iran has rejected the plan, but Trump also said talks with Iran … Read more
Ukrainian drones hit key Russian oil infrastructure on Sunday, including a key loading port in the Baltic Sea and two tankers that Ukraine alleged were used to illegally transport Russian crude oil, in violation of sanctions. They were among a wave of strikes targeting Russia’s oil assets, on which Ukraine has focused its attacks recently. … Read more
Rising oil prices cause political headache for Trump administration – CBS News Watch CBS News Saturday marked 61 days since the start of the war with Iran, and gas prices continue to soar. Olivia Gazis reports on how rising prices are causing new political issues for President Trump. Source link
Oil prices hit 4-year high amid Iran war – CBS News Watch CBS News Oil surged overnight Wednesday into Thursday to $126 a barrel, before eventually falling. CBS News MoneyWatch correspondent Kelly O’Grady reports. Source link
Oil prices surged to a wartime high Thursday, with Brent crude, the international benchmark, topping $126 a barrel as concerns grew that the Iran war will drag on, tightening global energy supplies. Gasoline prices also reached a new high since the Middle East conflict began on Feb. 28, with the average U.S. cost jumping to … Read more
The price of global benchmark Brent crude oil briefly surged past $126 a barrel early Thursday as stalled U.S.-Iran talks raised doubts over the reopening of the Strait of Hormuz and a permanent end to the Iran war. The $126 mark for a barrel of Brent crude is a four-year high. The last time it … Read more
Iran warned Thursday the U.S. naval blockade was “doomed to fail” as oil prices soared to their highest point in years with the standoff over the crucial Strait of Hormuz wreaking havoc on the global economy. Subscribe to read this story ad-free Get unlimited access to ad-free articles and exclusive content. The international benchmark price … Read more