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Israel cuts fuel tax as US-Iran conflict pushes up gasoline pricesIsrael's finance minister ordered a fuel excise tax cut for two months. This action addresses the recent surge in gasoline prices across th...- US diesel prices hit a record high, pushing up transportation costs for a long list of goodsDiesel prices soared to unprecedented levels in the United States on Friday, primarily due to the six-month conflict involving Iran. This r...
- US diesel prices hit a record high of $5.85 as Iran war disrupts the flow of fuelUS Iran war: Diesel fuel has reached an unprecedented average price of $5.85 per gallon. This surge is directly linked to the ongoing six-m...
- Trump doubles down on sanctions, military pressure as Iran refuses to yieldThe Trump administration employs economic pressure and military threats against Iran. Iran's government has refused to yield to these inten...
- Asia's refined fuel imports hit post-war low, can the Middle East help?Asia’s refined-fuel imports fell to their lowest level since the Iran conflict began, with August shipments of light and middle distillates...
- America In Focus: Key inflation gauge remains high; Fed's Warsh signals rate hikes may be neededKey inflation gauges remained elevated last month, showing persistent cost pressures for Americans. Federal Reserve Chair Kevin Warsh signa...
- US consumer sentiment drops in August on inflation worriesIn August, U.S. consumer sentiment took a hit, largely due to ongoing inflation concerns and the escalating conflict in the Middle East. Th...
- The Hormuz crude volume debate masks the real shortage of refined fuelsThe oil market is focused on disputed estimates of crude flows through the Strait of Hormuz, but Asia’s refined fuel markets show clearer s...
- China boosts imports of Russian crude, stymieing India's refinersChina's growing demand for Russian crude oil is impacting India's supply. India's imports from Russia's European ports have significantly d...
- Trump approval falls to 33%, lowest of his presidency, Reuters/Ipsos poll findsPresident Donald Trump's approval rating has fallen to its lowest point. A significant majority of Americans worry the U.S. war with Iran w...
- Iran defiant on strait as Trump tells Americans to accept high gas pricesIran has rejected US claims of control over the Strait of Hormuz and demanded Washington accept its conditions before shipping resumes. The...
- US July CPI seen rising moderately, Fed rate outlook in focusUS consumer prices are expected to have risen modestly in July, potentially easing market expectations of a Federal Reserve rate hike this ...
- Trump's Iran dilemma: He's stuck in war with no exit in sightPresident Trump faces difficult choices in the ongoing Iran conflict. He is caught between granting Iran control of the Strait of Hormuz or...
- As Iran war drags on, Americans are bracing for more chaos in Middle East, Reuters poll findsAccording to recent surveys, many Americans fear that the ongoing U.S. war with Iran could destabilize the Middle Eastern region. Disruptio...
- Big Oil profits surge as Iran war keeps energy prices elevatedEuropean and Middle Eastern oil firms reported significant profit increases recently. Saudi Aramco saw its net profit climb by forty-four p...
- US air defence missile stockpiles depleted after recent conflict with Iran: ReportEscalating tensions with Iran have severely drained the stock of U.S. missile interceptors, notably affecting the inventory levels of Patri...
- US, Iran hold fire for second day as ceasefire talks gain momentumThe United States and Iran refrained from launching attacks for a second consecutive day as mediators worked to revive an interim ceasefire...
- US pauses attacks on Iran for a second straight day and Tehran does tooUnited States and Iran have paused attacks for a second day. Both nations are continuing efforts to return to negotiations for an interim c...
- Airstrikes have paused and talks are pressing forward. But can US and Iran take the off-ramp?The United States military has halted airstrikes on Iran after nearly two weeks of intensified bombing. Diplomatic efforts are progressing ...
- US consumer sentiment highest since February on brief oil price dipUS consumer sentiment saw a temporary boost from lower oil prices in July. This positive trend may reverse as Middle East hostilities have ...
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