Rep. Ritchie Torres calls for probe into futures trades placed ahead March pause on Iran hostilities
[ad_1] U.S. Rep. Ritchie Torres, a Democrat from New York, during an interview in New York, Jan. 28, 2025. Victor J. Blue | Bloomberg | Getty Images Rep. Ritchie Torres, D-N.Y., on Wednesday called for a federal probe into suspicious trading activity in oil and equity futures markets just before President Donald Trump’s announcement of […]
A fragile U.S.-Iran ceasefire sparks market relief — but no clear path to lasting peace
[ad_1] WASHINGTON, DC – APRIL 06: U.S. President Donald Trump speaks alongside Central Intelligence Agency Director John Ratcliffe (L) and U.S. Secretary of War Pete Hegseth (R) during a news conference in James S. Brady Press Briefing Room of the White House on April 06, 2026 in Washington, DC. Alex Wong | Getty Images News […]
Jet fuel supply concerns grow as war with Iran drags on, airlines cut flights
[ad_1] A Lufthansa passenger aircraft is parked at a gate while a SASCA fuel truck services it on the apron at Toulouse Blagnac Airport in Blagnac in Occitanie in France on March 15, 2026. Isabelle Souriment | AFP | Getty Images The surging price of jet fuel isn’t the airline industry’s only problem. Now, it’s […]
Oil prices rise as Trump reaffirms Tuesday deadline for bombarding Iran’s power plants, bridges
[ad_1] A drone view of oil storage containers and facilities of the TotalEnergies refinery in the Leuna Chemical Complex, in Leuna, Germany, March 17, 2026. Annegret Hilse | Reuters Oil prices edged higher after U.S. President Donald Trump doubled down on his threats to attack Iran’s civil infrastructure, warning that the nation will be “taken out in […]
Trump says Iran ceasefire proposal ‘significant’ but ‘not good enough’ as Hormuz Strait deadline nears
[ad_1] President Donald Trump on Monday said the latest proposal for a U.S. ceasefire with Iran is “significant” but “not good enough” ahead of his fast-approaching deadline for Iran to either reopen the Strait of Hormuz or else face major attacks on its civilian infrastructure. “They made a proposal, and it’s a significant proposal. It’s […]
Trump threatens to destroy Iran power plants as reports emerge of downed U.S. F-35
[ad_1] A general view of Tehran with smoke visible in the distance after explosions were reported in the city, on March 2, 2026 in Tehran, Iran. Contributor | Getty Images U.S. President Donald Trump on Thursday threatened to destroy Iran’s bridges and power plants, saying the “New Regime leadership knows what has to be done, […]
Trump’s Iran speech ignores the risks of a return to the 1970s: Analysis
[ad_1] Demonstrators hold posters of Ayatollah Khomeini outside the American Embassy which is occupied by ‘students following the Imam Khomeini’s line on November 16, 1979 in Tehran, Iran. Kaveh Kazemi | Hulton Archive | Getty Images “The hard part is done,” President Donald Trump said in his address to the nation Wednesday night about the […]
JetBlue Airways raises checked bag fees at least $4 as fuel prices soar
[ad_1] A JetBlue Airways Airbus A321 airplane departs from Los Angeles International Airport en route to New York on Oct. 17, 2025. Kevin Carter | Getty Images JetBlue Airways is raising bag fees at least $4 as jet fuel prices soar amid the Iran war. Airfare has climbed for routes around the world since the […]
Trump says U.S. will destroy Iran’s oil wells, Kharg Island without deal to ‘immediately’ reopen Hormuz Strait
[ad_1] Satellite view of Kharg Island, located in the Persian Gulf off the coast of Iran. Gallo Images | Gallo Images | Getty Images U.S. President Donald Trump said Monday that the U.S. will “completely” obliterate Iran’s electric generating plants, oil wells and Kharg Island if the strategically vital Strait of Hormuz is not “immediately” […]
Analysis: A new oil shock is building. The next few weeks of war will be decisive for the economy.
[ad_1] The clock is ticking on the U.S.-Israeli war in Iran. The emerging view from oil industry executives and analysts is that the economic and market fallout from the war could escalate sharply if the Strait of Hormuz isn’t reopened within roughly the next one to three weeks. Even then, enough damage may have been done […]