Government ❯ International Relations ❯ Geopolitics ❯ Middle East

Oil Supply

Michigan Diesel Hits Record $6 a Gallon

AAA/GasBuddy data tie the spike to tight supply plus a recent BP Whiting refinery disruption.

Earnings Boom Collides With Soaring AI Capex, Splitting Big Tech Stocks

Europe Braces for Jet-Fuel Crunch as Hormuz Blockade Chokes Supply

Q1 Earnings: Exxon Tops Adjusted Forecasts as Middle East Turmoil Skews Oil Majors’ Results

UAE to Quit OPEC and OPEC+ on May 1, Redrawing Gulf Oil Politics

Panama Reaffirms Canal Neutrality as Hormuz Closure Fuels Traffic and Price Spikes

Oil Tops $117 as U.S. Prepares Extended Iran Port Blockade

China Refiners Seek Permits to Restart Fuel Exports in May

Iran Floats Interim Deal to Reopen Hormuz as U.S. Keeps Blockade and Talks Stall

U.S. Gas Tops $4 Nationally as Lower Atlantic Logs Third Straight Weekly Drop

India Rules Out Fuel Price Hike as State Retailers Absorb Heavy Losses

Jet Fuel Shock Prompts Lufthansa to Drop 20,000 Summer Flights

UK Inflation Climbs to 3.3% as Fuel Costs Surge After Hormuz Disruption

Japan Exports Beat Forecasts as Import Costs Climb, Cutting March Surplus

Air Canada Halts Toronto and Montreal Flights to JFK as Fuel Costs Soar

Spirit Airlines Faces Imminent Liquidation Risk as Fuel Spike Derails Bankruptcy Plan

CPI Jumps 0.9% in March as Oil Shock Drives Energy Costs Higher

Ceasefire Under Strain as Israel Hits Lebanon and Iran Limits Hormuz Ahead of Pakistan Talks

Delta Raises Checked-Bag Fees to $45, $55 and $200 for New Tickets

Exxon Mobil Leads Big Oil Gains as Middle East Price Shock Lifts Outlook