Middle East oil exports have climbed above prewar levels as an improvised shipping system under U.S. protection helps tankers navigate continued Iranian attacks in the Strait of Hormuz, according to The Wall Street Journal. Why it matters: Despite recovering exports, ...
Brent crude surged above $100 a barrel Wednesday morning for the first time since July as escalating conflicts in the Middle East and Europe added to fears about global energy supplies. Why it matters: Brent climbed more than 2% Wednesday ...
Oil prices are pushing back toward $100 a barrel as geopolitical tensions rise on multiple fronts, including renewed Russian attacks on Ukraine and growing concerns in Eastern Europe that the war could eventually spread beyond Ukraine. Why it matters: Brent ...
Global uncertainty is rising, but this time investors aren’t rushing into bonds for safety. They’re selling them. Historically, geopolitical turmoil triggered a “flight to safety,” with investors buying government bonds and pushing yields lower. But today’s conflicts threaten global energy ...
America’s emergency oil stockpile has fallen below 300 million barrels for the first time in more than four decades, leaving the U.S. with a significantly smaller cushion as war and disruptions in the Strait of Hormuz keep energy markets on ...