Oil Prices Rise Due to Iran War Escalation
Oil prices rise due to Iran war as strikes stretch into a ninth night and tanker traffic through the Strait of Hormuz nearly halts. Here is what is driving crude…
Christina Shaw4 min read
oil prices
Christina Shaw4 min read
Iran Blocking Strait of Hormuz Could Send Oil Prices Higher, What to Know
Iran's move on the Strait of Hormuz sent oil prices surging nearly 8% in a single session. Here is what the blockade, the tanker backlog and a proposed 20% toll…
Franklin Gonzales6 min read
Oil Prices Rise as Attacks Renew Safety Fears in Strait of Hormuz
Oil prices rise as tanker attacks near the Strait of Hormuz spook markets, with USO jumping 3.6%. Here is what the supply risk and technicals suggest comes next.
Roberto Anderson5 min read
Gas Price Gouging Probe Ordered by Trump
Crude oil prices hit a four month low as U.S.-Iran diplomatic progress reduces the Strait of Hormuz risk premium. USO dropped 4.57% to 106.21, near its 52-week floor, while the…
Franklin Gonzales5 min read
Oil Drops Below $75 a Barrel
Crude oil prices tumbled roughly 4.4% Wednesday after the US and Iran signed a memorandum of understanding to reopen the Strait of Hormuz. USO dropped to 106.72, near its 52-week…
Roberto Anderson5 min read