Crude Oil

Sen. Rand Paul (R-KY) has backed Washington’s agreement with Tehran, advocating for President Donald Trump‘s diplomatic efforts to end the war in Iran following the release of the 14-point Memorandum of Understanding (MoU). Rand Paul Denounces ‘Regime Change Wars’ In a post...

A collapse in crude oil futures prices is poised to deliver savings to American motorists, with top economist Mohamed A. El-Erian predicting that regular gasoline and diesel will crash through the $4 and $5 thresholds, respectively, in the coming days. Imminent Relief at the Pump The nationwide...

Airline ticket fares may not get cheaper despite an agreement between Washington and Tehran that has caused oil prices to fall below $80/bbl. Limited Seat Availability, Steady Demand Analysts cited by Business Insider in a report on Tuesday said that airlines have little reason to roll back fares...

Oil has fallen below the $80 mark after President Donald Trump's Iran peace deal announcement, and airline stocks are catching a momentum tailwind as investors price in potential fuel-cost relief. JetBlue Airways Corp. (NASDAQ:JBLU), LATAM Airlines Group SA (NYSE:LTM), and Frontier Group Holdings...

Recent findings by U.S. intelligence agencies reportedly suggested that Iran can now shut down the Strait of Hormuz at will, irrespective of the impending framework agreement scheduled for signing in Geneva on Friday. Iran is contemplating an economic “nuclear option” if...

The Iran agreement, touted by President Donald Trump, has sparked optimism as oil prices continue to fall, but the national average price of gas at the pump continues to stay high. Americans Paying $25 Extra Compared To Last Year In a post on X, GasBuddy analyst Patrick De Haan posted a screenshot...

Sen. Adam Schiff (D-CA) delivered heavy criticism of President Donald Trump and his administration on Tuesday after purported details of the Memorandum of Understanding (MoU) signed by Washington and Tehran emerged. Iran Secures Funds, Sanctions Relief Taking to the social media platform X, Schiff...

U.S. stocks were mixed at midday Tuesday as money rotated out of high-flying technology and into financials, utilities and industrials — cooling the tech-led rally as the Dow Jones Industrial Average pushed to fresh records. Meanwhile, Federal Reserve Chair Kevin Warsh prepares to gavel in his...

The U.S. military has reportedly been clandestinely carrying out ship-to-ship oil transfers in the Gulf. This operation, reminiscent of Iranian tactics used to evade sanctions, has been ongoing since early May. The covert operation has involved a minimum of 92 vessels and is being executed off...

Shipping companies may avoid passing through the Strait of Hormuz even after the U.S. and Iran reached a deal that is expected to reopen the passage. Companies Need Proof That Agreement Is Working According to a report by the Financial Times on Tuesday, Jotaro Tamura, who is the head of Mitsui OSK...

Crude oil has surrendered roughly a third of its value since the Strait of Hormuz conflict pushed it toward $120 a barrel, yet the price Americans pay at the pump has only barely dropped. West Texas Intermediate – as closely tracked by the United States Oil Fund (NYSE:USO) – fell almost 5% on...

House Minority Leader Hakeem Jeffries (D-NY) slammed President Donald Trump on Sunday, accusing the President of worsening the situation with Iran by pulling out of a key nuclear deal signed during the former President Barack Obama administration. Hakeem Jeffries Says Trump ‘Ripped’...

GasBuddy analyst Patrick De Haan on Sunday called for cautious optimism over an agreement between the U.S. and Iran that would end the blockade over the Strait of Hormuz and bring an end to the war, leading to a smooth flow of oil. U.S.-Iran Deal Struck In a series of posts on the social media...

Top crude oil benchmarks retreated on June 13 on Hyperliquid as investors awaited a potential U.S.-Iran deal, which could be signed as early as Sunday.  Crude Oil Price Sinks Amid Hopes of a US-Iran Deal Brent, the global benchmark, dropped to $84, its lowest level since April 17, with its...

While global crude prices have retreated beneath the critical $90 per barrel support level, the underlying shipping market is telling a different story as four major oil tanker stocks simultaneously surge into top-tier momentum zones. Surging Into The Top 10% Momentum Despite Brent Crude falling to...