America’s largest oil export hub is so starved of water that it’s been illegal to have a green lawn for 2 years

Corpus Christi, Texas, home to the nation’s largest oil export hub, and its surrounding Coastal Bend area are in a water shortage that has residents, businesses, and industry carefully monitoring…

Current price of oil as of May 8, 2026

At 9 a.m. Eastern Time on May 8, 2026, oil was priced at $104.07 per barrel with Brent serving as the benchmark (we’ll explain different benchmarks later in this article).…

Current price of oil as of May 7, 2026

By 8:45 a.m. Eastern Time on May 7, 2026, oil had reached $100.45 per barrel, measured using the Brent benchmark. That’s $6.07 less than it cost yesterday morning and about…

US strikes Iranian fast boats as Iran attacks UAE oil facility

Shipping company Maersk says one of its US-flagged commercial vessels has successfully exited the Strait of Hormuz under US military protection.

Iran juggles oil cuts and storage strain to resist U.S. blockade

As the US naval blockade in the Strait of Hormuz tightens around Iran’s oil trade, exports have plunged in recent weeks and storage is rapidly filling. Already, the country has begun curbing…

Opinion | How Iranian Oil Controls U.S. Foreign Policy

One of the moves the Trump administration has made is to desanction Russian and Iranian oil and gas. Now, to the extent I know anything about our current foreign policy,…

Oil and gas prices rise after gas field strike

“As previously warned, if the fuel, energy, gas, and economic infrastructures of our country are attacked by the American-Zionist enemy, in addition to a powerful counterattack against the enemy, we…

U.S. officials have discussed trading oil futures, Burgum says

The Trump administration has discussed trading in the oil futures market as a strategy to help curb surging crude prices amid the war in Iran, Interior Secretary Doug Burgum said.…

Trump says war to end ‘very soon,’ floats removing oil sanctions

President Donald Trump said he plans to waive oil-related sanctions, have the US Navy escort tankers through the Strait of Hormuz and predicted the war with Iran would resolve “very…

Gas and oil prices soar and shares tumble on fears conflict could escalate

Markets react as the conflict in the Middle East intensifies and concerns grow over how long it will last.