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Browsing Tag

Oil and gas industry

348 posts
BBreaking News
Iraq devalues its currency as the US war with Iran disrupts oil shipping routes
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Iraq devalues its currency as the US war with Iran disrupts oil shipping routes

  • October 8, 2026
Iraq has devalued its currency, changing the official exchange rate from 1,300 to 1,500 Iraqi dinars to the…
BBreaking News
Abbas Araghchi, Iran’s foreign minister, spoke to reporters at the UN General Assembly in New York, Sept. 25, 2026. Araghchi was to meet with Qatari mediators Monday about the latest peace deal discussions, according to Iranian state media.
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Mediators are working to broker a US-Iran deal, but major hurdles remain

  • September 28, 2026
Iranian Foreign Minister Abbas Araghchi — who stayed in New York after last week’s gathering of world leaders…
BBreaking News
Gulf nations have found ways to keep oil flowing
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Gulf nations have found ways to keep oil flowing

  • September 24, 2026
FRANKFURT, Germany — When Iran shut down the Strait of Hormuz at the start of the war, choking…
BBreaking News
Gulf nations have found ways to keep oil flowing through the Iran war, but the costs are mounting
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Gulf nations have found ways to keep oil flowing through the Iran war, but the costs are mounting

  • September 24, 2026
FRANKFURT, Germany — When Iran shut down the Strait of Hormuz at the start of the war, choking…
BBreaking News
The United Parcel Service Inc. (UPS) logo is seen on a semi-truck as it drives past Chevron diesel prices above $7 a gallon at a gas station in Vernon, California on Aug. 26, 2026. The US and Iran are approaching the six-month mark since military operations began on Feb. 28, 2026, with the two nations remaining entrenched in a strategic stalemate. President Trump has intensified pressure through an aggressive economic isolation campaign, while a 60-day ceasefire and diplomatic window expired without producing a lasting agreement. The conflict's most significant impact on the US economy is the rise in energy costs, which is contributing to higher inflation.
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Trump says rising gas prices ‘inexpensive price to pay’ for Iran war

  • September 20, 2026
“I don’t feel like it’s a good trade-off,” Martinez said. “I don’t feel like this is good for…
BBreaking News
Oil prices are high but could be much worse. Trump has China's Xi to thank for that
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Oil prices are high but could be much worse. Trump has China’s Xi to thank for that

  • September 19, 2026
WASHINGTON — It could be much worse. When President Donald Trump launched his war against Iran in late…
BBreaking News
Trump's Iran war pushed up oil prices. China's Xi kept them in check
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Trump’s Iran war pushed up oil prices. China’s Xi kept them in check

  • September 19, 2026
WASHINGTON — It could be much worse. When President Donald Trump launched his war against Iran in late…
BBreaking News
Trump's Iran war pushed up oil prices. China's Xi kept them in check
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Trump’s Iran war pushed up oil prices. China’s Xi kept them in check

  • September 19, 2026
WASHINGTON — It could be much worse. When President Donald Trump launched his war against Iran in late…
BBreaking News
House votes for a third time to end the Iran war as conflict drags on
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House votes for a third time to end the Iran war as conflict drags on

  • September 16, 2026
He said it’s time for Congress to “actually ask tough questions, as the Constitution directs us to do,…
BBreaking News
Saudi Arabia has few options as it faces mounting threats from Iran and its allies
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Saudi Arabia has few options as it faces mounting threats from Iran and its allies

  • September 12, 2026
A lightning advance by Houthi rebels threatens a crucial Red Sea shipping route. Drone attacks blamed on Iraqi…
TTop stories
US diesel prices soar past $6 a gallon, deepening strain for hauling everyday goods
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US diesel prices soar past $6 a gallon, deepening strain for hauling everyday goods

  • September 12, 2026
CHICAGO — Diesel prices in the U.S. hit yet another record on Friday, soaring past $6 a gallon…
BBreaking News
A vessel of the navy of Yemen's Aden-based internationally recognised government patrols a shipping lane off Hanish Island in the Red Sea on July 27, 2026. A Houthi spokesman said on July 24 that the rebels were not blocking traffic through the strategic Bab al-Mandeb Strait, after they declared a maritime embargo this week on their foe Saudi Arabia. The Iran-backed group attacked a Saudi ship in the nearby Red Sea after announcing the blockade, which threatens the top oil exporter's ability to get its supplies to the world following Iran's parallel blockade of the Strait of Hormuz, the kingdom's only other maritime route.
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Saudi Arabia has few options as it faces mounting threats from Iran, its allies

  • September 12, 2026
Michael Ratney, a former U.S. ambassador to Saudi Arabia, said the latest developments are “incredibly frustrating” for the…
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