Trump invokes Cold War era Defense Production Act for oil production, refining

US President ​Donald Trump ‌on Thursday determined petroleum ​production, refining, ​and related activities ⁠are essential ​to national ​defense.

Reuters • 2 hours ago

Oil prices jump on Middle East worries as U.S., Israel reportedly weigh fresh Iran strikes

The U.S. and Israeli militaries have drawn up specific plans for renewed strikes on Iran after next month's midterm elections, The New York Times reported. The U.S. has also ordered non-emergency government employees and their families to leave Saudi Arabia, as Houthi attacks against the country rise.

CNBC • 18 hours ago

Oil soars above $111 as stocks plummet on Iran strike news, AI spending concerns

Stocks fell Wednesday as oil prices soared above $111 a barrel on reports that the US and Israel are planning new strikes on Iran, while Meta and Tesla led tech stocks lower on AI spending concerns.

New York Post • 7 hours ago

Under-the-radar stocks to play the next leg of the energy trade with oil prices jumping again

Iran is going to grow more desperate as oil money dries up, which makes the country even more dangerous.  Some under-the-radar energy stocks Goldman Sachs loves.

CNBC • 8 hours ago

Oil prices approach Iran-war highs as soaring tanker rates trigger a second energy squeeze

Wall Street may be starting to price in the scenario everyone fears: a full-scale regional conflict that could further choke off global energy supplies and unleash a fresh wave of turmoil across financial markets.

Market Watch • 2 hours ago

Citi sees oil risks skewed to upside despite recovery in Gulf exports

Citi said on Thursday that near-term risks to oil prices remain skewed to the upside despite ​a recovery in Gulf crude exports, as ‌shipping bottlenecks continue to keep delivered supplies tight.

Reuters • 8 hours ago

Oil prices will fall ‘DRAMATICALLY' when Iran war ends: Former Energy secretary

Former Energy Secretary Dan Brouillette discusses the Iran war's impact on oil exports and the Trump administration's efforts to stabilize energy prices on ‘Kudlow.' #fox #foxbusiness #media #breakingnews #us #usa #new #news #breaking #kudlow #iran #iranwar #oil #oilprices #energy #energyprices #oilmarket #oilexports #gasprices #economy #globalmarkets #middleeast #trump #donaldtrump #brouillette #danbrouillette #energysecurity #oilproduction #politics #political #politicalnews #government #geopolitics #inflation

Fox Business • 13 hours ago

US Orders Some Diplomats Out of Saudi Arabia After Deadly Attacks, Brent Tops $110

The US orders some diplomats and their families to leave Saudi Arabia as Houthi attacks intensify. Three people are killed in separate incidents at an Aramco oil field and a Saudi airport, while Brent moves above $110 as the security risks lift oil prices.

Bloomberg Markets and Finance • 16 hours ago

Oil Climbs as Houthi Attacks on Saudi Arabia Continue

Three people were killed in two attacks on an Aramco oil field and an airport in Saudi Arabia's Eastern Province Wednesday. The US State Department issued an ordered departure for non-emergency personnel and their families from the kingdom.

Bloomberg Markets and Finance • 8 hours ago

Houthis Step Up Attacks on Saudi, Sending Oil Higher

Iran-backed Houthi rebels in Yemen step up their attacks on Saudi Arabia. Saudi Aramco had to evacuate its headquarters and the kingdom is on alert for more strikes.

Bloomberg Markets and Finance • 8 hours ago