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Stock market today: S&P 500, Nasdaq, Dow futures slide with US-Iran peace and inflation in focus
US stock futures slipped against a backdrop of uncertainty ahead of a key inflation reading....
Stock Futures Are Falling, Oil Jumps After Iran Closed Strait of Hormuz
Even as they were meeting in Switzerland to hammer out a permanent peace deal, the U.S. and Iran had...
Philippines fears China may move to seize full control of disputed atoll
Defence secretary warns of heightened Chinese military activity around Scarborough Shoal...
Britain’s Energy Crisis Is Driving Manufacturing Offshore
The UK risks a major wave of deindustrialization and widespread factory closures unless the government expands emergency relief measures for manufacturers battling soaring energy costs, a prominent ma ...
Why Oil Prices Are Falling Even as Tankers Remain Trapped
Oil prices tumble as markets bet on a Hormuz reopening despite slow tanker movements following the U.S.-Iran ceasefire. Friday, June 19, 2026 The signing of the US-Iran ceasefire agreement might pro ...
Crude Slides Nearly 9% as Traders Bet on Return of Iranian Oil
August WTI crude oil futures posted a steep decline during the week ending June 19 as traders aggressively removed geopolitical risk premium from the market following a breakthrough agreement between ...
Court Ruling Deals Major Blow to Trump's War on Wind Power
Donald Trump has been battling wind turbines in the court of public opinion and in actual court for over a decade now. Trump has railed about “windmills” repeatedly over the course of his presidential ...
Oil Prices Slide After U.S. and Iran Sign Ceasefire Agreement
Oil prices were under pressure in early Asian trading on Thursday after the U.S. and Iran formally signed an agreement to reopen the Strait of Hormuz. The speed at which oil markets have changed their ...
State of Global Oil Inventories Ruins Iran Peace Optimism
As oil benchmarks crash and Brent slips below $80 per barrel, a growing number of analysts are sounding an alarm: Hormuz may reopen, but oil production in the region would not rebound immediately—and ...
Whatever Happened to the Promise of Cheaper Electricity?
As readers of Adam Smith know, the market functions to provide consumers with goods and services at the lowest price (within limits set by law). Yet, several years ago, we submitted a piece claiming t ...
US Crude Oil, Gasoline Inventories Still Falling: EIA
Crude oil inventories in the United States decreased by 8.3 million barrels during the week ending June 12, according to new data from the U.S. Energy Information Administration (EIA) released on Wedn ...
Falling Murban and Dubai Prices Open Arbitrage to U.S. and Europe
Crashing prices of Middle East’s key benchmark crudes in the wake of the U.S.-Iran deal have opened arbitrage for shipping oil from the Middle East to the United States and Europe, traders told Reuter ...
First Iranian Oil Moves Past U.S. Blockade Ahead of Deal Signing
Iran’s first observed crude oil exports in two months have moved past the U.S. blockade outside the Strait of Hormuz in a sign that Iran is wasting no time to take advantage of the tentative deal with ...
US Crude Oil Inventories Down Again, Losing 52 Million Barrels in 9 Weeks
The American Petroleum Institute (API) estimated that crude oil inventories in the United States fell by 8.33 million barrels in the week ending June 12. Analysts had expected a 4.5 million draw. In t ...
Egypt Clears $6 Billion in Energy Debt and Opens Door to a New Gas Boom
The announcement from Egypt’s petroleum and mineral resources minister Karim Badawi that the country has paid all its outstanding debts to foreign oil firms is as welcome to international oil companie ...