Economy

Why Iran's main oil terminal at Kharg Island has been spared

Iran’s primary oil export terminal, Kharg Island, has so far been spared from United States and Israeli strikes, even as global energy prices surge and tensions rise across the region.

Strait of Hormuz will partially reopen in 2-3 weeks: David Roche

'Quantum Strategy' David Roche says he expects oil reserves can sufficiently support world demand, and that the 'world won't run out of oil'. He also explains why he believes Iran can't afford to escalate the war further, and therefore will not engage militarily on the Strait of Hormuz.

Ryanair insists we failed to board a phantom flight

Airline has refused refund after our flight was diverted because of bad weather and we were left on the plane for six hours

EVs Are Not the Answer to Oil Shocks

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Iran war threatens catastrophic consequences for the oil market, Aramco CEO says

Saudi Aramco beats profit estimates and keeps $85 billion payouts as oil prices surge again.

The Most-Favored-Nation Principle Still Matters

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European stocks jump 2% as sliding oil prices buoy sentiment

European equities rebounded on Tuesday as traders continued to watch developments in the Middle East.

Oil prices drop significantly to end Monday after dramatic 24-hour fluctuation

The oil market experienced dramatic price fluctuations over the last 24 hours, marking one of the more chaotic days for oil prices in recent memory. After hitting what many experts called unsustainable high pricing in the early morning hours on Monday, prices fell to a more tolerable level.

Oil retreats even after Energy Secretary wrongly claims Navy escorted tanker through Strait of Hormuz

The International Energy Agency will hold an extraordinary meeting on Tuesday to discuss a possible release of emergency stockpiles.

Gas Prices Surge as Oil Spikes Amid Iran War. Here's How Much Americans Are Paying.

Updated on: March 9, 2026 / 8:12 PM EDT / CBS News

Asia markets rebound as oil plunges after Trump signals Iran war might end 'soon'

Asia-Pacific markets rebounded from Monday's rout after oil prices fell and Wall Street bounced back.

The Wild 24-Hour Rise and Fall of Oil Prices

Americans will bear the costs if energy shocks in the Middle East lead to a full-blown crisis.