Air India Boeing 787 Dreamliner aircraft with registration letters VT-ANB flies over Tokyo, Japan, April 27, 2025 in this picture obtained from social media. Koki Takagi | Via Reuters Israel launched a series of airstrikes in Iran early Friday, escalating the simmering conflict between the two nations. Israel said that it was targeting locations related … Read more
Iran’s Supreme Leader Ayatollah Ali Khamenei speaks during a meeting in Tehran, Iran, May 20, 2025. Office of the Iranian Supreme Leader. Office Of The Iranian Supreme Le | Via Reuters Crude oil futures jumped as much as 13% Thursday evening after Israel launched airstrikes against Iran without U.S. support. U.S. West Texas Intermediate last … Read more
Crude oil storage tanks at the Juaymah Tank Farm in Saudi Aramco’s Ras Tanura oil refinery and oil terminal in Saudi Arabia, in 2018. Simon Dawson | Bloomberg | Getty Images U.S. crude oil futures rose more than 4% Wednesday as tensions escalated between the U.S. and Iran, with President Donald Trump expressing doubt that … Read more
The U.S. relies on Canadian oil imports, despite comments to the contrary by U.S. President Donald Trump, the CEO of Cenovus Energy told the Global Energy Conference in Calgary on Tuesday. Trump has threatened on-again, off-again tariffs on Canada’s oil, of which nearly 4 million barrels per day are exported to the United States. Canada … Read more