Egypt condemned the attacks that targeted the Eastern Province of Saudi Arabia and Jordan on Wednesday, July 29. a description He described it as a dangerous escalation that threatens regional stability, state sovereignty, and global energy security. In a statementThe Foreign Ministry said that the attacks constituted “unacceptable violations” of the sovereignty of Arab countries … Read more
Markets continue to rise despite the Iran war and a host of other concerns, but the smart money has quietly settled on a gauge to see when things could turn downward – and all eyes are on oil prices, On The Money has learned. Specifically, the warning level I’m hearing from CEOs, hedge fund types … Read more
A “mini-tsunami” of oil is flooding the global market after the Strait of Hormuz opened and trapped tankers were finally freed, sending prices down to almost pre-war levels – but the relief may not last long. August oil futures – contracts to buy at a later date – fell to about $70 a barrel on … Read more
Egypt is expected to settle all remaining dues to foreign oil and gas companies by June 10, according to statements by Mostafa Madbouly. during Meeting on Monday, May 25, with Minister of Petroleum and Mineral Resources Karim Badawi. According to statementThe remaining $440 million (22.98 billion pounds) of outstanding payments will be paid before the … Read more
a job The S&P 500 rose 0.3% to an all-time high and closed out its fifth straight week of gains. This is his longest streak since 2024. A person walks past an electronic stock board displaying Japan’s Nikkei stock index at a stock company Thursday, April 30, 2026, in Tokyo. (AP Photo/Eugene Hoshiko) AP By … Read more
United Arab Emirates Announce On Tuesday, April 28, it announced that it will withdraw from the Organization of the Petroleum Exporting Countries (OPEC) effective May 1, removing one of the group’s top producers and testing the cartel’s influence over global oil markets. The decision, published via the state-run Emirates News Agency (WAM), also includes the … Read more
a job The reopening of the Strait of Hormuz on Friday, which may only be temporary, is the clearest sign yet of optimism. A currency trader talks on the phone near a screen showing the Korea Composite Stock Price Index (KOSPI), top center, and the foreign exchange rate between the U.S. dollar and the South … Read more
US stocks fell on Monday morning as oil prices rose above $100 a barrel after President Trump announced a new closure of the Strait of Hormuz during a fragile ceasefire with Iran. The Dow Jones Industrial Average was down 354 points, or 0.7%, as of 9:35 a.m. EST, while the S&P 500 and Nasdaq were … Read more
Speaking about Delta’s earnings, Bastian said the fuel crisis could lead to an overhaul of the industry. Photo by Andrew Harnick/Getty Images Like many airline executives, Delta CEO Ed Bastian has been forced to respond to the ongoing oil crisis caused by the Iran war by raising prices and cutting flights. But he sees bigger … Read more
The US government will allow a Russian tanker full of crude oil to reach Cuba, effectively easing a blockade that has pushed the island into an energy crisis, according to a report. The New York Times, citing a US official familiar with the matter, reported that the Russian-flagged tanker Anatoly Kolodkin was heading to Cuba … Read more