SPR hits 286.6M barrels; Trump criticizes Biden
Strategic Petroleum Reserve fell to 286.6 million barrels, lowest since 1982. Trump blames Biden, but both administrations saw drawdowns due to wars.
31/08/2026 19:1231 min read
Oil
Oil buyers miss technical opportunity as rally fades
Oil buyers missed a technical opportunity as the rally reversed at the 100-day moving average, shifting control to sellers.
31/08/2026 17:215 min read
European stocks end mixed; DAX falls, FTSE 100 and FTSE MIB gain
European shares closed mixed as oil prices surged and yields rose. UK FTSE 100 and Italy FTSE MIB gained.
31/08/2026 15:5410 min read
Bessent says oil prices set to decline, US bond market remains strong
Bessent says oil prices will drop, US 10-year yield is at Trump-era levels, and the Fed typically avoids rate hikes during supply shocks.
31/08/2026 14:526 min read
Bessent at G20: Iran feels sanctions, lashing out economically
Treasury Secretary Bessent told the G20 that Iran is taking sanctions seriously, lashing out as its economy weakens, and that economic growth is the only way…
31/08/2026 13:213 min read
Trump claims Iran has no Navy or Air Force in Truth Social post
Trump posts on Truth Social that Iran has no Navy or Air Force, repeating a claim from March 2026.
31/08/2026 12:4110 min read
European markets steady as oil climbs, bond yields rise
Oil holds gains after US-Iran strikes; European yields climb; dollar soft; German state inflation beats expectations.
31/08/2026 11:536 min read
Oil surges after US-Iran strikes; stalemate limits losses
Oil prices jumped after the US struck Iran's Larak Island and Iran retaliated, but a stalemate is expected to limit losses.
31/08/2026 08:138 min read
IRGC Reports Supertanker Fire After Mine Strike in Strait of Hormuz
Iran's IRGC says a supertanker illegally traversing the Strait of Hormuz hit two naval mines and caught fire.
31/08/2026 04:414 min read
Tehran says Washington accountable for escalation fallout
Iran strikes UAE and Jordan bases, warns US of full responsibility for escalation; oil prices jump.
31/08/2026 04:314 min read
Oil surges after US-Iran strikes, Asia markets mixed
Oil prices jumped after US strikes on Iran prompted retaliation, while Asia markets fell on Mideast tensions and rate fears.
31/08/2026 03:5110 min read
Asian stocks decline on renewed US-Iran fighting and elevated bond yields
Asian stocks fell on Monday as renewed US-Iran fighting boosted oil prices and bond yields stayed elevated. Japan and South Korea posted significant declines,…
31/08/2026 03:3111 min read
Oil Prices Surge Despite Trump's Big Venezuela Deal
Trump announced majority control of 65 billion barrels of Venezuelan oil, but prices jumped due to other risk factors.
31/08/2026 02:268 min read
US disputes IRGC account of Larak Island strike as rhetoric intensifies
CENTCOM publicly disputes IRGC claims about the Larak Island strike, as missile exchanges continue between Washington and Tehran.
31/08/2026 01:1216 min read
Oil climbs after US strike on Iran and retaliatory missile fire
Oil rose around 2% after US forces struck Iranian targets near the Strait of Hormuz and Iran retaliated with missile fire.
30/08/2026 22:111 min read