Scott Bessent says Iran’s remaining oil exports to China could end within two weeks, intensifying pressure on Tehran amid a U.S. blockade.
Investor Peter Schiff questioned Kevin Warsh's inflation outlook after McDonald's CEO warned elevated inflation is hurting traffic.
ProShares Ultra Bloomberg Crude Oil ETF is a Buy, supported by strong momentum and liquidity, but carries high volatility and risk. Read more on UCO & SCO ETFs.
Brent crude futures expiring in September rose to $94.25 per barrel at the time of writing, while WTI crude futures expiring in September were at $87.54 per barrel.
Economist Justin Wolfers warned Tuesday that U.S. strikes on Iran renewed concerns over global energy supplies and higher gas prices
Iran struck three commercial ships in the Strait of Hormuz, following which the U.S. Treasury Department revoked a sanctions waiver that had previously allowed Iranian oil sales.
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