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ndtv.comThe International Energy Agency forecasts a drop of about 1 million barrels per day amid higher prices and supply disruptions from the U.S.-Iran war. May demand fell 5.3 million barrels per day from a year earlier, led by a sharp contraction in China.
nypost.comThe White House opened 25 Freedom Fuel gas stations in the greater Philadelphia area selling fuel at $3.47 a gallon. The July 7 launch came after national averages reached nearly $5 earlier in 2026 due to the U.S.-Iran war. Prices have since declined following a June agreement re…
YonhapSeoul Central District Prosecutors indicted HD Hyundai Oilbank Co. and two officials Monday for colluding on petroleum price increases after the U.S.-Iran war. The direct collusion with SK Energy was valued at 14.2 trillion won, with a total market impact of 26 trillion won inclu…
U.S. shale oil producers are raising output and exports in response to higher oil prices driven by the U.S.-Iran war. Drilling activity has increased modestly but remains below year-ago levels. Physical limits and prior capital discipline continue to constrain faster growth.
nbcnews.comRussian President Vladimir Putin is scheduled to meet Chinese leader Xi Jinping on Wednesday to discuss the Power of Siberia 2 natural gas pipeline. The project remains stalled over pricing and financing terms while the U.S.-Iran war disrupts energy supplies.
pakistantoday.com.pkThe Reserve Bank of Australia raised interest rates amid economic pressures from the U.S.-Iran war, which has increased oil and other commodity prices. The bank outlined three scenarios for the economy, all projecting slowdowns based on varying oil price levels. Governor Michele…
bbc.co.ukThe White House confirmed the addition of Nick Stewart, a hawkish Iran policy expert, to the team negotiating an end to the U.S.-Iran war. Stewart, previously with the Foundation for the Defense of Democracies, joins amid stalled talks and ongoing tensions including a U.S. blocka…
fortune.comPresident Trump expressed doubt over Iran's latest ceasefire proposal amid ongoing negotiations via Pakistani mediators. Separately, Spirit Airlines announced it will cease operations following unsuccessful talks for a $500 million government bailout. The airline's decision stems…
The Boston GlobePresident Donald Trump stated he is not satisfied with Iran's recent proposal in negotiations to end the ongoing war, citing unacceptable demands. Diplomatic efforts continue amid a ceasefire, while separate economic pressures mount in Iran. Meanwhile, Trump indicated potential s…
upi.comAs the U.S.-Iran war approaches the 60-day War Powers Resolution deadline, Defense Secretary Pete Hegseth argued that a ceasefire has stopped the clock, drawing criticism from Democratic lawmakers. Meanwhile, the Pentagon advances AI integration for military operations amid the c…
GB NewsThe United Arab Emirates has withdrawn from OPEC after nearly 60 years, aiming to increase its oil output without quota constraints. The move comes amid elevated crude prices above $110 per barrel due to the ongoing U.S.-Iran war and the blockade of the Strait of Hormuz. Experts…
The Breakwave Tanker Shipping ETF has risen more than 600% since the start of the year, outperforming crude oil and energy stocks during the ongoing U.S.-Iran war. Chevron CEO Mike Wirth stated that upward pressure on oil prices is likely to continue as the conflict enters its se…
The TimesResidents of the Falkland Islands expressed concern over a leaked U.S. memo suggesting support for Argentina's claim to the territory. The memo was linked to tensions over airbase access in the U.S.-Iran war. British officials reaffirmed sovereignty over the islands.
pymnts.comThe Breakwave Tanker Shipping ETF has risen more than 600% year-to-date as tensions in the Strait of Hormuz disrupt maritime corridors. Freight futures have skyrocketed due to the U.S.-Iran war, outperforming crude oil and energy stocks. Experts note investors are shifting focus…
thehindu.comThe ongoing U.S.-Iran war has led to a dramatic rise in shipping costs, boosting the Breakwave Tanker Shipping ETF by over 600% this year. Japan received its first U.S. crude oil shipment since the conflict began, as nations seek alternative suppliers. Questions persist about the…
bangkokpost.comVice Industry Minister Moon Shin-hak urged major steel companies to prevent supply chain disruptions during a meeting in Seoul. The steel sector reports limited impact from the U.S.-Iran war but faces higher costs. The government pledged support to enhance industry competitivenes…
The New YorkerThe United Arab Emirates announced its departure from OPEC effective May 1, ending a 59-year membership amid the ongoing U.S.-Iran war. The conflict has boosted U.S. agriculture profits while straining global economies, with political tensions rising between President Trump and E…
Substrate placeholder — needs reviewA recent analysis explores how perceptions shape outcomes in the U.S.-Iran war, noting competing claims of victory by both sides. It highlights factors influencing narratives of success and failure beyond material gains. The piece attributes U.S. public dissatisfaction to high ex…
Substrate placeholder — needs reviewU.S. consumers continue spending despite the U.S.-Iran war and gas prices reaching $4, but data shows a decline in visits to entertainment and dining venues. Industry leaders report impacts on local economies, with some businesses maintaining investment plans. Recent developments…