Initial reports suggest the attacks were not overwhelming, easing oil supply disruption concerns temporarily. The US military conducted strikes inside Iran, prompting a $1 drop in WTI crude prices. Markets reacted to early indications that the operation did not signal a br
Yemen’s Houthi group explores levying charges on vessels transiting the Bab el-Mandeb strait, escalating regional trade tensions. Yemen’s Houthi rebels are evaluating fees for commercial ships passing through the southern Red Sea’s Bab el-Mandeb strait. The move follows th
US President Donald Trump vows to hit Iran hard US President Donald Trump said he will order heavy strikes on Iran in retaliation for its surprise attack on US forces. The US and Saudi Arabia also struck Iran-backed militants in Iraq after Riyadh said it intercepted d
Rising demand for air conditioning threatens climate goals as heat waves drive energy-intensive cooling needs worldwide. Global emissions from cooling systems are projected to triple by 2050 as intensifying heat waves increase reliance on air conditioning. The surge in dem
The Department of Energy designates five Republican-led states to host nuclear fuel-cycle campuses, unlocking billions in capital for advanced reactor support. The U.S. Department of Energy has chosen five states with Republican governors to host nuclear fuel-cycle hubs, a
Ukraine’s attack on an Iranian commercial vessel in the Caspian Sea marks the first direct link between the wars in Ukraine and Iran. While details of the July 25 incident are murky, Ukraine’s intelligence agency the SBU said its drones hit an oil platform in the Caspian S
Washington considers broader action after Iran-backed attacks and threats across multiple regions, per security sources. The US is preparing a larger military response to Iran following a series of escalatory actions, including missile strikes on US forces in Jordan and at
White House adviser Hassett highlights confidence in Warsh ahead of potential Fed policy decisions amid market volatility. White House economic adviser Kevin Hassett stated President Trump holds Kevin Warsh in high regard, signaling strong confidence in Warsh’s judgment. T
Bitcoin stabilizes ahead of the Federal Reserve’s rate decision, pressured by rising oil prices and a semiconductor stock rout in Asia. Bitcoin traded near $64,000 on Wednesday, consolidating after a drop to 11-day lows of $62,700 as traders braced for the Federal Reserve’
Hormuz Strait closures drove crude and gas prices higher, lifting refining and production earnings amid Middle East capacity outages. TotalEnergies reported a 67% year-over-year increase in second-quarter adjusted net income to $6 billion, its strongest quarter in nearly t
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