Oil is entering a cycle in which sustained supply shortages will drive prices higher, HFI Research says. The firm is eyeing plummeting crude inventories around the world. It will take months... Read more

President Trump told The Hill on Monday that he disagreed with Energy Secretary Chris Wright’s assessment that gas prices may not drop below $3 per gallon until next year. “No, I think he’s... Read more

MOSCOW, April 20 (Reuters) – The Kremlin, when asked on Monday about a U.S. sanctions waiver on some Russia’s ‌oil exports, said that Russia was a responsible ‌and important play... Read more

Futures Movers Iran again closes Strait of Hormuz, U.S. seizes Iranian ship as Trump issues new threats but also raises hope for cease-fire extension Last Updated: April 20, 2026 at 1:58 a.m... Read more

The U.S. Navy on Sunday fired on an Iranian container ship in the Gulf of Oman and the Marines later took custody of the vessel. Iran’s Revolutionary Guard fired on a tanker in the Str... Read more

Energy Secretary Chris Wright on Sunday said gas prices may not drop below $3 a gallon until next year, as the U.S. war with Iran continues to wreak havoc on energy markets. Tehran has large... Read more

Ukraine attacked two Russian refineries and other key oil targets overnight into Saturday, officials said, just hours after the United States granted Moscow another waiver on the sale of its... Read more

Founding Members CNBC CFO Council Consumer spending and credit card balances remain healthy, but the U.S.-Iran war has led to a pullback in entertainment-related discretionary purchases.  Da... Read more

PHOENIX (AP) — Arizona is expected to have at least two competitive U.S. House races in November while Democrats will be defending their seats for governor, attorney general and secretary of... Read more