July 14, 2026 8:20 am, EDT | Update: July 14, 2026 10:04 am, EDT Golden Violet tanker arrives at PT Pertamina facility at Tanjung Priok port in Jakarta, Indonesia. (Dimas Ardian/Bloomberg) key takeaways: Oil prices rose on July 14 as fighting intensified in the Middle East. Uncertainty over the future stability of supplies has deepened
July 13, 2026 1:16 pm, EDT Strait of Hormuz. (Andrea Campanu/Bloomberg via Getty Images) key takeaways: The US reinstated a naval blockade on Iranian shipping through the Strait of Hormuz, ending a brief relaxation of sanctions allowing exports. During the gap, Iran supplied at least 57 million barrels, about 2.2 million barrels per day, which
Three boys play in the shallow waters of the Strait of Hormuz near Bandar Abbas, Iran, on July 13, as a plume of smoke rises from an explosion in the background. (Razieh Paudat/ISNA via AP) July 13, 2026 7:53 am, EDT | Update: July 13, 2026 11:26 am, EDT key takeaways: Oil prices surged and
(Luke Sherratt/Bloomberg) July 13, 2026 10:18 am, EDT key takeaways: The UAE told OPEC it increased crude oil output by about 3.8 million barrels per day in June, an 80% increase since leaving the group. The increase reflects Abu Dhabi’s exit from OPEC limits and the ability to resume exports despite the disruption of the
Smith Collection/Gado/Getty Images By the end of 1973, Richard Nixon was already surrounded by Watergate. The nation was shaken and there were demands for his resignation. That November, he sat in front of the cameras and addressed the nation from the White House, not primarily about the
A cargo ship is pictured off the Gulf of Oman on June 28. (AFP/Getty Images/Bloomberg) July 10, 2026 9:50 AM, EDT | Updated: July 10, 2026 10:22 AM, EDT Key Takeaways: Oil prices are drifting toward a quiet finish to the week after earlier fireworks on worries about the war in Iran. A series of
The Energy Substitution team includes (from left) Will Harris, Katie Oates, Lucas Harris and Chris Erickson in Larkspur, California. (Brian Banducci/Bloomberg) July 9, 2026 12:19 pm, EDT key takeaways: Energy Substantiation launched a blockchain token, WTIC, designed to represent a barrel of West Texas Intermediate crude and enable retail oil ownership and 24/7 trading. This
Commercial ship in the Strait of Hormuz near Bandar Abbas, Iran. (Amirhossein Khorgui/ISNA via AP) July 8, 2026 8:13 am, EDT | Update: July 8, 2026 11:35 am, EDT key takeaways: Oil prices rose more than 7% after US President Donald Trump said on July 8 that the interim deal with Iran was “dead” although
A sign displaying the prices of unleaded gasoline and diesel at a Shell gas station in Miami Beach, Florida. (Jack Bennett/Bloomberg) July 7, 2026 12:57 pm, EDT Shell Plc said it delivered another strong oil and gas trading result in the second quarter as it benefited from market turmoil caused by the Iran war. Oil
(Majid Saeedi/Getty Images) July 7, 2026 4:00 pm, EDT key takeaways: The Treasury Department revoked Iranian oil sales waivers effective July 7 following the tanker attacks in the Strait of Hormuz. Oil prices rose as the move threatened a 60-day peace accord, stoking supply fears and stoking market volatility. Negotiators are working toward a final