Vance predicts Iran war to shift phase in months
Vance said Iran conflict to enter new phase in months; his Hormuz traffic recovery claim disputed by independent trackers.
Vance said Iran conflict to enter new phase in months; his Hormuz traffic recovery claim disputed by independent trackers.
Shipping costs for US crude to Asia have surged to record levels amid Middle East supply disruptions. Asian refiners continue to buy US barrels despite higher…
Washington proposes capping foreign parts in AI chips and servers to block China from using Mexico to avoid US tariffs.
Iraqi militias attacked Saudi pipeline, exposing defense gaps. Repair timeline 3-6 weeks; further strikes could make it indefinite.
WTI crude rose $4.93 to $106.31, marking an 11th gain in 12 sessions amid a supply crunch and rising geopolitical tensions.
Oil prices rose after Libya's NOC halted production at three fields due to protests and warned of force majeure on deliveries.
The US is seizing $61 million in cryptocurrency allegedly laundered through Binance from Iranian oil sales.
Crude prices remain supported as Saudi pipeline closure and delayed Hormuz talks raise supply concerns.
Pentagon estimates Iran war at $33.4B, but fuel costs hit consumers with $106.5B, triple the military's figure.
The DOJ filed a civil forfeiture complaint targeting $61 million in cryptocurrency tied to Binance accounts and Iranian oil sales.
Amid the Trump-Iran war, Costco has raised motor oil prices and imposed purchase caps, reflecting wider supply chain stress.
Iran and the US give conflicting accounts of what disabled a tanker in the Strait of Hormuz, Tehran citing a mine, Washington claiming its own strikes.
Oil prices retreat after reports that Washington is pursuing a step-by-step pact with Iran, while Trump comments add to bearish sentiment.
Trump says the Iran conflict will end soon, but oil prices remain high. WTI crude is up $2.76 at $102.75.
Zelensky says Trump's proposed halt to energy strikes is just a proposal; Ukraine skeptical Russia will comply.