US-Iran Conflict Reignites: Oil Jumps Above $86 as Strikes Resume
US and Iran trade fresh strikes after a month of calm, sending WTI crude above $86 and Brent near $90, while gold slips to a three-week low.
Geopolitics
US Strikes Iran’s Larak Island as Tehran Hits Back at Jordan Bases
US forces struck Iranian minelaying positions in the Strait of Hormuz, Iran retaliated against US bases in Jordan, and Washington cut Banque Misr from the financial system as Asian refiners rush to Argentine crude.
US-Iran Tensions Escalate: Trump Threatens Kharg Island Oil Hub
US strikes on Larak Island and Iranian missile retaliation on Jordan reignite Strait of Hormuz risk. Treasury vows weekly sanctions as oil markets watch Kharg Island threat.
Oil Jumps Over 2% as US Strikes Iran, Tehran Hits Back at Jordan Bases
Brent crude rose to $89.96 and WTI to $85.00 a barrel after US forces struck an Iranian island in the Strait of Hormuz and Iran retaliated against US bases in Jordan.
Bessent’s G20 Tightrope: Tariffs, Iran Sanctions and Bond Jitters Collide
Treasury Secretary Scott Bessent heads into G20 talks in Asheville facing tariff fights, Iran-linked sanctions, and rising US bond yield concerns. Here’s what’s at stake for markets.
Iran’s Foreign Trade Plunges 35% as Sanctions and Naval Blockade Bite
Iran’s foreign trade has fallen nearly 35% and inflation has hit 66% amid US sanctions and a naval blockade, prompting a proposed 100% gasoline price hike.
X Says It Uncovered Chinese Bot Network Targeting AI Data Center Debate
X’s safety team says it found a network of 200,000 suspected inauthentic Chinese accounts, including 200 posting to influence the US debate over AI and energy policy.
Iran War Hits Six-Month Mark as Oil Markets Shrug Off Stalemate
Six months after the US-Israel campaign against Iran began, Brent crude sits a third below its April peak while Washington pivots to secondary sanctions with no ceasefire in sight.
Iran-Oman Hormuz Deal Would Bar Military Ships as Tanker Traffic Ticks Up
Iran and Oman are negotiating a deal barring military vessels from the Strait of Hormuz as tanker traffic rises to 10 vessels and a fresh tanker strike raises new risks.
Iran, Oman Strike Temporary Deal to Ease Strait of Hormuz Blockade
Iran and Oman agree on a temporary shipping corridor through the Strait of Hormuz as sanctions replace strikes and oil futures react.