Trump says his ‘preference’ would be to ‘take the oil in Iran’
President Donald Trump said Sunday that he would like to “take the oil in Iran” and is considering seizing the export hub of Kharg Island, which is responsible for more than 90% of Iran’s oil exports. Subscribe to read this story
U.S. crude tops $100 and the S&P 500 approaches correction as Iran war enters second month
Global oil prices continued their recent climb and the S&P 500 closed lower Monday after a weekend when Iran-backed Houthi militants launched ballistic missiles at Israel and 3,500 additional U.S. troops arrived in the Middle East. Subscribe to read this story
The world economy is experiencing the most severe oil shock in decades. The worst could still be on the way.
Surging oil prices continue to ripple through the global economy because of the war with Iran. Now, some analysts say the worst could still be ahead as the conflict drags on. Subscribe to read this story ad-free