Economy

G7 countries rule against release of oil reserves to arrest surge in prices

The Group of Seven nations have decided against jointly releasing hundreds of millions of barrels of crude oil reserves to stanch skyrocketing prices, which have hit over $100 a barrel in what has been described as the most severe energy crisis since the 1970s.

Ditch the red tape: Let private credit fuel America's future

The constant attacks coming from the Left on capital markets and the wealthy are bad for America. Instead of celebrating entrepreneurs and investors as job creators bringing about public goods, they’re derided as “malefactors of great wealth,” just as they were in the time of President Teddy Roosevelt.

Domestic energy dominance makes us safer

President Donald Trump’s strikes against the Iranian regime, and the regime’s all-out effort to create chaos in the region in response, has disrupted global energy production and delivery. But while energy prices are rising here in the United States, they are rising far more slowly than in Europe and in Asia. The conflict with Iran is decisively demonstrating that domestic energy production and national security are inextricably linked, and that Trump’s push for domestic energy production has made America safer, stronger, and more capable of defending its interests abroad.

Oil prices near $120 a barrel as Trump calls it ‘small price to pay’ for ‘peace’

Oil prices soared on Monday amid the conflict between the United States and Israel, and Iran. The price of Brent Crude, the world’s benchmark for crude oil, reportedly climbed to $120 a barrel for a period on Monday before later dropping to around $110. Oil prices are now “50% more expensive” than before the conflict began.

Stocks down as oil prices soar amid war with Iran, hit four-year high

Oil prices have soared as the war against Iran continues on its 10th day, hitting $100 per barrel for the first time since July 2022. Kristin Myers, the ETF editor-in-chief for Asset TV, breaks down the economic impact. Salvatore R. Mercogliano, an adjunct professor at U.S. Merchant Marine Academy, breaks down where things stand with the Strait of Hormuz.

Stocks slump as Iran war sends oil prices surging above $100 a barrel

March 9, 2026 / 10:18 AM EDT / CBS News