Economy

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Oil Prices Surge

Oil prices surged as the Iran war threatened shipping routes, raised insurance costs and pushed energy risk into consumer prices.

Trump remarks drove wild swings in oil and global stocks as traders tried to price war, peace and reserve releases.

Kevin Warsh struggled to break a Republican blockade for Fed chair, exposing party divisions over monetary policy.

Oil markets tumbled after Trump signaled swift Iran peace, but traders remain exposed to Gulf supply and shipping risks.

G-7 energy ministers meet in Paris as Aramco warns of a global economic catastrophe if the Strait of Hormuz remains closed due to the Iran conflict.

Oil prices crash to $85 as Trump declares the Iran war nearly over. Markets rally while reports show Iranian navy and air force have been destroyed.

Oil markets swung after Chris Wright retracted a naval escort claim, exposing how fragile Gulf supply pricing had become.

Trump prediction of swift Iran peace sent oil prices reeling as traders weighed political optimism against supply risk.

The OBR warned the Iran conflict could fuel British inflation through energy prices, borrowing costs and weak consumer confidence.

Global oil prices break $100 and trigger G7 crisis talks as ministers weigh reserves, inflation risk and Gulf security.

Trump rhetoric sends global oil prices into a tailspin as markets react to Iran threats, Hormuz risk and policy uncertainty.

The Iran conflict drives crude oil above $100 as Hormuz risk, inflation pressure and reserve politics shake global markets.