Driven by surging international oil prices amid the Iran conflict, ExxonMobil and Chevron both exceeded Wall Street profit expectations in Q1 2026, making the energy sector a market standout.
The White House announced that the Iran ceasefire has paused the countdown on the 60-day war authorization deadline, with Defense Secretary Hegseth saying the ‘clock is paused’ amid bipartisan congressional debate.
Trump threatens to reduce US military presence in Germany, Italy, and Spain amid growing disagreement with European allies over the Iran war, shocking Pentagon officials.
The Trump administration officially declares its military operations against Iran have been ’terminated,’ ending months of conflict before the 60-day war authorization expires.
The CEO of Yara, one of the world’s largest fertiliser producers, warns that disruption to fertiliser supplies due to the Iran conflict could cost up to 10 billion meals per week, with poorest countries hit hardest.
Brent crude surged past $126 a barrel — the highest since 2022 — after reports the US military is preparing new strike options against Iran. The ongoing closure of the Strait of Hormuz continues to disrupt global energy supplies.
U.S. officials reveal the Iran war’s true cost is closer to $50 billion, roughly double the Pentagon’s public estimate of $25 billion, as oil prices surge to a four-year high.
Brent crude briefly surged above $126 per barrel, the highest since 2022, after reports the US military will brief Trump on new strike options against Iran.
Brent crude surged to over $126 a barrel, the highest since Russia’s 2022 invasion of Ukraine, after reports the US military will brief Trump on new plans for potential strikes on Iran.
International oil prices briefly exceeded $126 per barrel, the highest level since 2022, driven by escalating US-Iran tensions and concerns over the Strait of Hormuz.