Business

The Japanese government has embarked on its biggest-ever release of strategic oil reserves, with Prime Minister Sanae Takaichi authorizing the drawdown of 80 million barrels to be delivered to domestic …

Scott Bessent, the US Treasury Secretary, signaled Thursday that America could soon remove sanctions from Iranian oil currently sitting aboard tankers in international waters. The move is designed to inject …

The Bank of England kept its key interest rate at 3.75% at its latest meeting, but the Iran war has fundamentally changed the outlook, with financial markets now betting on …

  US oil prices remain in crisis mode as the Iran war enters its third week, with critical global shipping routes blocked and oil production infrastructure under attack. Analyst Patrick …

Three prominent names in global finance — Oracle, UAE’s MGX, and Silver Lake — are the investors primarily responsible for the $10 billion payment flowing to the Trump administration as …

Global crude supply tightened further Thursday after Iraq suspended all oil exports and Oman closed its primary crude export terminal amid continuing Iranian military strikes across the Middle East. The …

SpaceX is reportedly finalized its plans for a monumental initial public offering on the Nasdaq exchange this summer. The company is seeking a valuation of $1.75 trillion, a figure that …

Oil prices saw a dramatic decline on Tuesday, ending a period of extreme volatility after Donald Trump hinted that the conflict with Iran could conclude shortly. Brent crude, which had …

Global oil markets moved into full crisis mode as Iran threatened to strike energy infrastructure across the Gulf, a warning that came just days after Israeli attacks on Iranian oil …

Historians of the global economy may look back on this week as the moment the economic outlook fundamentally shifted. The Iran conflict, which began with air strikes on the night …