israel

Oil prices dipped more than 2% on Monday after OPEC cut its global oil demand growth estimate for the third consecutive month. The cartel's downward revision is based on actual consumption data from earlier this year and slightly reduced demand expectations for certain regions. West Texas...

Amid rising geopolitical tensions, energy markets are on edge as experts warn of potential disruptions. An Israeli military action targeting Iranian oil facilities could significantly impact global oil prices, according to industry analysts. What Happened: John Driscoll, chief strategist at JTD...

The U.S. Treasury Department announced Friday a fresh wave of sanctions targeting Iran’s petroleum and petrochemical sectors, following Iran's second direct attack on Israel this year. This latest response aims to cut off a critical source of revenue for the Iranian government, a move...

Crude oil prices surged more than 3% on Thursday, driven by mounting concerns over potential supply fears in the Middle East as well as domestic disruption related to Hurricane Milton. The spike comes as Israel ramps up military actions in Lebanon and as Gulf nations brace for retaliatory strikes...

Oil prices, as tracked by the United States Oil Fund (NYSE:USO), fell over 1% on Wednesday, bringing the price per barrel down to $73. This extends a 4% drop from Tuesday, driven by growing concerns over weaker demand from China, the world's second-largest oil consumer after the country withheld...

In his soon-to-be-released book “War”, renowned journalist Bob Woodward uncovers a strained relationship between U.S. President Joe Biden and Israeli Prime Minister Benjamin Netanyahu. What Happened: The book, scheduled for release on October 15, includes excerpts published by CNN on...

Wall Street started the week in the red, as traders weighed the economic and geopolitical fallout from escalating tensions in the Middle East. Monday marked the one-year anniversary of Hamas’ October 7 attack, which triggered the ongoing war in Gaza. The situation is now threatening to...

One year after the Oct. 7 Hamas attack on Israel, which led to the ongoing war in Gaza, oil prices continue their ascent, marking the strongest five-day rally in two years. The recent escalation in the region, combined with heightened concerns about potential Israeli retaliation against Iran, has...

John Bolton, former National Security Advisor during the Donald Trump administration, has stressed that a regime change in Iran is crucial for peace in the Middle East in a recent column in The Telegraph. What Happened: Bolton criticized the attacks on Israeli civilians by Hamas, instigated by Iran...

Shares of U.S. energy giants surged this week, marking the strongest performance in two years, as fears of a wider conflict in the Middle East between Iran and Israel drove oil prices to $75 per barrel. The Energy Select Sector SPDR Fund (NYSE:XLE), which tracks 31 major U.S. energy companies,...

Former United Kingdom Prime Minister Boris Johnson has alleged the discovery of a “listening device” in his personal bathroom, subsequent to a visit from Israeli Prime Minister Benjamin Netanyahu in 2017. What Happened: Johnson, who was serving as a foreign secretary at the time,...

Political tensions and potential war in the Middle East have made the price of oil rip higher. This means there are opportunities to profit by investing or trading in the companies in the energy sector. As you can see on the chart, shares of Exxon Mobil Corporation (NYSE:XOM) may be about to break...

Oil is trading more than 5% higher Thursday on the heels of President Joe Biden‘s statement that the U.S. spoke with Israel about a possible attack on Iran's oil facilities. "We're in discussions about that,” Biden said during an interaction with reporters. Biden seemingly indicated he...

Amid the fallout from Iran’s missile attack against Israel on Tuesday, market observers are closely watching the unfolding conflict and its possible effects on gold prices. What Happened: Iran fired 100 to 200 missiles at Israel on Tuesday. The attack came following several Israeli strikes on...

United Nations Security Council members convened for an emergency session Wednesday in New York to address Israel, Lebanon, Iran and whether an all-out war in the Middle East is preventable. What Happened: Israeli Ambassador Danny Danon, in his remarks to the UN Security Council, called Iran’...