Oil prices top $100 per barrel as big Middle East producers cut output amid Iran war

Commentary: Prepare for a Brutal Reckoning as the Strait of Hormuz Closes

Commentary: Prepare for a Brutal Reckoning as the Strait of Hormuz Closes - Soaring oil prices will blow up the U.S. deficit, constrain the Federal Reserve, and expose the fragile liquidity of American financial markets

Energy Equities Mixed Despite Oil’s Biggest Rally Since 2022

Oil prices briefly hit triple-digits in early Monday trading before pulling back sharply, with the volatility throwing global energy stocks into a tizzy. Brent crude oil rocketed to $119 during Asia Pacific trading, its highest level since 2022, before falling below $90 per barrel in the afternoon, still a big jump from ~$78 per barrel just a week ago. The price spike was triggered by the intensifying conflict between the U.S., Israel, and Iran,…

Monday Was a Bad Day to Depend on Fossil Fuels

Oil prices are all over the place as markets reopened this week, climbing as high as $120 a barrel before crashing to around $85 after Donald Trump told CBS News that the war with Iran “is very complete, pretty much,” and that he was “thinking about taking it over,” referring to the Strait of Hormuz, the artery through which about a third of the world’s traded oil flows. Even $85 is substantially higher than the $57 per barrel price from the end…

Airline shares battered, airfares surge as Iran war pushes oil above US$100

Airline stocks were hammered on Monday, while airfares soared as the U.S.-Israeli war on Iran sent oil prices surging, sparking fears of a deep travel slump and the potential for the widespread grounding of planes.

Crude oil prices spike as Iran war threatens both transport routes, production

The conflict, now in its second week, is ensnaring countries and infrastructure critical to the production and transportation of oil and gas worldwide.

Toronto gas prices keep soaring as Trump’s war on Iran spreads across Mideast

Analysts say gas could go above $2 a litre as daily rise in global oil prices — and U.S.-Israel attacks on Iran — show no sign of slowing down.