oil and gas industry

U.S. Treasury Secretary Scott Bessent says the United States does not plan to renew a waiver allowing the purchase of Russian oil and petroleum products currently at sea. He also …

Iran Fires on Ships in Strait of Hormuz as US Blockade Continues and Diplomacy Stalls Tensions in the Strait of Hormuz escalated on April 11, 2026, when Iranian forces opened …

Pakistan Steps Up Mediation Efforts as US-Iran Ceasefire Nears Expiration Diplomatic tensions between the United States and Iran have reached a critical juncture as a fragile two-week ceasefire is set …

U.S.-Iran Peace Talks in Islamabad Conclude Without Agreement High-stakes diplomatic efforts to end the six-week war shaking the Middle East have hit a wall. After 21 hours of marathon face-to-face …

Fed Holds Rates Steady as Iran Conflict Clouds Economic Outlook The Federal Reserve is walking a tightrope. On March 18, 2026, policymakers decided to preserve the benchmark interest rate unchanged, …

Jet Fuel Volatility: Why Airfares Are Rising and Flight Options Are Shrinking Air travelers are entering a challenging new era of aviation. A combination of geopolitical instability and volatile energy …

United Airlines Raises Checked Bag Fees as Jet Fuel Costs Surge Travelers are facing higher costs at the airport as United Airlines joins JetBlue in increasing checked bag fees. This …

Iran Threatens Gulf Energy and Water Systems Amidst Escalating Conflict with Israel Iran has vowed to retaliate against its Gulf neighbors by striking their energy and water infrastructure if the …

Israel Kills Iranian Intelligence Minister, Attacks Gas Field Amidst Escalating Tensions Israel’s Defense Forces (IDF) announced on Wednesday the killing of Iran’s intelligence minister, Esmail Khatib, in a “targeted strike” …

Indian Tankers Transit Strait of Hormuz Amidst Rising Regional Tensions Two Indian-flagged tankers, carrying a combined 92,000 metric tonnes of liquefied petroleum gas (LPG), have safely navigated the Strait of …