- Gold, Silver Decline Amid Renewed Inflation Concerns Wall Street Journal —
- Oil prices jump as Strait of Hormuz tensions escalate BBC News —
- Oil prices jump after US seizure of Iranian ship escalates war The Straits Times —
- Oil prices spike again following latest standoff in the Strait of Hormuz PBS —
- Oil Climbs on Renewed Tensions Over Strait of Hormuz Wall Street Journal —
- Strait of Hormuz Standoff Sends Oil Prices Surging Newsweek —
- Oil prices jump 7% after Iran and U.S. attack ships as tensions escalate over Strait of Hormuz CNBC —
- Oil prices rise after Iran restricts access to Strait of Hormuz and ceasefire nears expiration CNN —
- Oil prices jump after Strait of Hormuz setbacks Axios —
- Oil Jumps After US Seizure of Iranian Ship Escalates Conflict Bloomberg —
Global Oil and Gas Surge
The ongoing standoff in the Persian Gulf has driven Brent crude toward $96 per barrel, reversing recent declines.
US Energy Secretary Chris Wright warned that domestic gasoline prices, currently averaging over $4 per gallon, may not return to pre-war levels until 2027.
The International Energy Agency has highlighted a looming jet fuel crisis in Europe ahead of the peak summer travel season.
Investors are bracing for further instability as the US-Iran ceasefire nears its expiration date.
Chris Wright
United States Secretary of Energy (born 1965)
United States Secretary of Energy (born 1965)
Brent Crude
Classification of sweet light crude oil that serves as a major benchmark price for purchases of oil worldwide
Classification of sweet light crude oil that serves as a major benchmark price for purchases of oil worldwide