Dollars and Sense
Brent settled at $88.52 on Friday after a week of tanker attacks and no diplomatic movement. Washington's plan is to wait Tehran out —...
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Dollars and Sense
“I know that oil is down today and it’s way down from the highs in the early days of the conflict,” Vance said. “That’s...
Dollars and Sense
Households in Iran are cutting back on food, medicine and utilities. One trade official says shifting a single ship's cargo overland would take about...
Dollars and Sense
Wright puts the outflow at 14 to 15 million barrels a day against 20 million before the war, with 8 to 9 million crossing...
Dollars and Sense
Hegseth says the Navy can hold the blockade indefinitely by rotating ships. Two vessels crossed the strait on Friday, though the count is imprecise...
Dollars and Sense
Tehran says it has control and management of the Strait of Hormuz. Washington says it can sustain the blockade until a deal comes. A...
Dollars and Sense
Governments hold around 900 million barrels of emergency oil between them. Beijing alone holds an estimated 1.4 billion and is drawing on it cautiously,...
Dollars and Sense
It grounded beside an archipelago whose waters were declared a nature reserve last year, home to Arabian Sea humpback whales and Socotra cormorants. Salvage...
Dollars and Sense
Gulf governments are no longer waiting for an answer. A new crude line at Fujairah, an $8.2 billion gas expansion in Abu Dhabi, an...