Business

With consumer energy costs soaring as a result of Iran’s Hormuz blockade, Treasury Secretary Scott Bessent proposed Thursday that the US temporarily lift sanctions on Iranian crude oil stranded on …

The Bank of England’s warning that rate hikes may be needed in response to the Iran war’s energy price impact comes at a particularly difficult time for the UK’s already …

US oil prices are edging toward levels not seen in years as the Iran war extends into its third week and energy markets brace for more volatility on Monday. Petroleum …

The Trump administration’s collection of a $10 billion transaction fee from TikTok’s new owners may mark the beginning of a new era in which the US executive branch treats its …

Goldman Sachs raised its Brent crude price forecast for the fourth quarter of 2026 Thursday, reflecting expectations that the Middle East conflict will persist and keep supply tight for the …

Rumors are intensifying that SpaceX is preparing for a historic IPO that could value the company at $1.75 trillion. This would rank as the largest market debut of all time, …

Donald Trump has provided a glimmer of hope to the global economy by suggesting that the US-Israel military campaign against Iran could reach a conclusion “very soon.” This optimism led …

The burning of oil storage facilities in Tehran is not just a military story — it is an economic one. The black smoke rising over the Iranian capital following Israeli …

A full-scale energy market crisis is now underway across both oil and gas markets, as the Iran conflict simultaneously drives crude prices above $90 a barrel and pushes European natural …

Tanker traffic through the Strait of Hormuz has effectively ground to a halt following warnings from Iran and attacks on commercial vessels, creating a dramatic bottleneck in one of the …