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123 stories from Planck Standard. Latest: November 2, 2026.
Brent crude fell to $105 a barrel on signs of renewed dialogue, even as Trump warned he may have to give Tehran 'the hammer' and a record number of ships were attacked in October.
The president used a national-interest clause in the Lindsey Graham sanctions law he signed last month to stop tariffs on the world's five biggest Russian oil buyers, as Moscow's envoy calls the move 'historic.'
An Indian-crewed crude tanker was struck by a projectile Friday, a day after the Singapore-flagged GFS Pride caught fire and went down in the strait.
WatchThe president's Truth Social pledge on Thursday came a day after The Atlantic reported the White House had asked the Pentagon for pre-election strike options, as tanker attacks and Houthi missiles keep pressure on the Gulf.
WatchThe president says he will make up his mind after meeting six Gulf leaders in New York on Tuesday. Brent is near $104, up from $88 three weeks ago, and central banks in Tokyo, Washington and Frankfurt all raised rates this week to fight the oil shock.
Air-raid alerts sounded in Islam's holiest city for the first time in the war. Brent crude is above $100, a key Saudi pipeline has reportedly been shut for weeks, and the U.S. told Americans to reconsider travel to the kingdom.
WatchMohsen Rezaei said the zone will start at the line of the U.S. naval blockade and run toward the strait. Brent crude traded near $97 and the Labor Day gasoline average hit a record $4.14 a gallon.
The six-month war with Iran has scrambled global fuel flows, and diesel moves nearly everything Americans buy. Grocers say fuel is 15 to 30 percent of what food costs to deliver.
WatchTehran's price for reopening the world's most important oil chokepoint was reparations and sanctions relief. Trump's counteroffer was a bill of his own, and Brent crude blew past $87.
WatchThe S&P 500 finished at a record 7,737 and crude fell to $75.32 a barrel after Treasury Secretary Scott Bessent said a deal to reopen the Strait of Hormuz could come within days.
Chevron's profit nearly quadrupled and Exxon's doubled as the Strait of Hormuz blockade pushed Brent crude past $100. Senator Sheldon Whitehouse wants a windfall tax; Exxon's CEO calls that short-sighted.
WatchBrent settled at $100.69 after jumping 6.1% — its first close above $100 since May — as the national gasoline average hit $4.09 a gallon and Wall Street sold off across the board.
Brent crude climbed toward $84 a barrel and pump prices rose again as the president moved to choke off Iranian oil exports, even as cooler inflation data lifted U.S. stocks.
WatchBrent crude jumped more than 5% after Iranian forces hit a Qatari gas carrier and two other vessels in under 24 hours. Washington answered by revoking Tehran's license to sell oil.
Crude jumped about 8% toward $80 a barrel after the president threatened to blockade the world's most important oil chokepoint, through which roughly a fifth of global supply flows.
Energy markets respond cautiously to U.S.-Iran framework agreement as analysts question whether significant price relief will materialize.
Crude futures dropped sharply after the president canceled planned military operations, citing progress in peace negotiations following two days of U.S.-Iran exchanges.
Technology and energy shares led a sharp sell-off after the president signaled the U.S. was preparing new military action, reigniting fears over the Strait of Hormuz.
Markets plunge and energy costs spike as Middle East conflict threatens fragile cease-fire for first time since April.
Brent crude has surged roughly 50 percent since the war began, war-risk insurance has quintupled and Goldman Sachs estimates 14.5 million barrels a day have vanished from global production as the Strait of Hormuz stays shut.
WatchTehran walked away from indirect negotiations over Israel's offensive in Lebanon and threatened to choke off two of the world's most important shipping lanes, sending U.S. crude prices up more than 7%.
Some analysts warn international oil prices could climb much higher in coming weeks if the Strait of Hormuz doesn't reopen soon.
Crude oil prices fell dramatically in May, marking the largest monthly decline since the market turmoil of six years ago and bringing relief to drivers facing high gas costs.
Crude oil prices experienced their largest monthly decline since 2020, offering hope for lower gas prices as consumers face economic pressures.
Crude oil heading for largest one-month decline since 2020, delivering relief to consumers facing high gasoline costs nationwide.
Crude prices are heading for their largest one-month decline since 2020, providing some respite from months of rising fuel costs.
The economic fallout from the strategic waterway's blockade is spreading worldwide, with developing countries bearing the heaviest burden of shortages and rising prices.
Treasury Secretary Scott Bessent and counterparts from France, Germany, Italy, the U.K., Canada and Japan agreed to a measured stimulus approach as the U.S.-Israel conflict with Iran rattles sovereign debt and inflation expectations.
Investors react negatively to lack of major agreements between U.S. and China, while oil prices surge amid ongoing Iran war concerns.
Global bonds and oil prices surge as investors react to lack of progress between U.S. and China, raising concerns about trade and geopolitical tensions.
Government bonds and oil prices surge while stocks fall as investors react to limited trade progress and escalating Iran conflict concerns.
President Trump declares the cease-fire on "life support" as investors take cautious approach to rising oil prices and economic uncertainty from ongoing conflict.
Markets responded dramatically to news that America believes it is close to reaching an agreement to end the prolonged conflict, sending oil tumbling and equities soaring.
Energy markets reacted dramatically to news that the United States believes it is approaching an agreement to end the war with Iran.
Government data reveals dramatic cost surge for carriers as oil prices soared following Middle East conflict outbreak.
Markets react cautiously to continued geopolitical tensions as investors weigh energy supply risks against broader economic impacts.
National average rises dramatically as energy markets react to geopolitical developments, marking biggest one-day increase since April 7 ceasefire announcement.
Ayatollah warns Trump's naval blockade is 'doomed to fail' as oil prices soar amid ongoing standoff over critical Strait of Hormuz shipping route.
Energy markets surge to highest levels in years as prolonged military standoff threatens global economic growth through broader inflation fears.
Fuel costs hit new 2026 high as ongoing Middle East conflict continues to threaten global oil supplies.
Crude oil prices hit fresh highs since the conflict began, with energy supplies from the region remaining severely disrupted amid the extended military campaign.
The Gulf nation's exit amid Iran war tensions threatens to weaken OPEC's influence over global oil markets as crude prices surge past $100 per barrel.
The Gulf nation's exit deals a significant blow to the oil cartel's influence as global energy markets face unprecedented disruption from the Iran war.
Traders digest mounting geopolitical risks over the critical shipping lane as U.S.-Iran tensions continue to affect global energy markets.
WatchThe IRGC boarded and seized the MSC Francesca and Epaminondas, with the UK disputing Iran's claim that the vessels had permission to transit.
The International Monetary Fund's April 2026 World Economic Outlook slashes global growth to 3.1% — the weakest since the pandemic — warning that a severe scenario could push worldwide growth below 2% and inflation above 6% if the Strait of Hormuz crisis extends into 2027.
USS Spruance disabled the Touska in the Gulf of Oman as Tehran refused to send negotiators to Islamabad talks before Tuesday’s midnight deadline.
The Asia-Pacific region faces mounting economic disruption as the Iran conflict creates widespread energy bottlenecks and supply chain chaos.
Stock futures tumbled and crude prices surged after traders who were hopeful for peace on Friday absorbed news of renewed Middle East tensions.
Crude prices tumble and U.S. stocks hit all-time highs following Iranian foreign minister's announcement about commercial vessel access.
Crude futures tumble and stock markets surge to record highs after Iran's foreign minister announces Strait of Hormuz open for commercial vessels.
Major stock indexes hit all-time highs while crude futures tumble after Iranian foreign minister announces strait open for commercial vessels.
Oil prices plunged more than 10% while stocks rocketed to all-time highs after Iran declared the critical waterway completely open during the Israel-Lebanon ceasefire.
Energy markets surge and stock indexes hit all-time highs as tensions ease over critical shipping lane.
Lawmakers urge carrier CEOs to reduce ticket prices if Iran war oil spike begins to ease in coming months.
Despite soaring stocks, the prolonged conflict in Iran has begun straining American household finances as war costs mount.
Stocks extend gains amid investor optimism that diplomatic talks could yield permanent peace deal, with Treasury Secretary predicting $3 gas by summer.
Stock markets shrug off geopolitical tensions and energy price spikes as investors focus on corporate earnings and economic resilience.
Energy market shifts may signal broader economic concerns rather than return to stability, analysts warn.
The benchmark index climbed 1.1% Tuesday, fully recovering all declines since the Iran conflict began, as oil prices dropped $6 on reports of a second round of U.S.-Iran negotiations.
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