Business

Treasury Secretary Scott Bessent proposed Thursday that the United States harness Iranian crude oil stranded on tankers to offset the massive supply losses caused by Iran’s closure of the Strait …

The stakes for the UK’s economic recovery have been raised significantly by the Iran war, with the Bank of England voting unanimously to hold rates at 3.75% on Thursday and …

The Strait of Hormuz remains locked down as the Iran war enters its third week, creating a new week of deep uncertainty for US oil prices. Petroleum analyst Patrick De …

Understanding the TikTok deal requires grappling with an unusual and historically rare financial feature: a $10 billion fee payable to the US government by the investors who took over the …

The United States moved Thursday to tap 172 million barrels from its Strategic Petroleum Reserve as part of an urgent global effort to contain an oil price surge driven by …

The Nasdaq exchange is moving to change its index entry rules in an effort to secure the upcoming SpaceX public offering. SpaceX is seeking a valuation of $1.75 trillion, which …

Global oil prices saw an extraordinary 24-hour cycle, dropping sharply after Donald Trump reassured markets while simultaneously warning of future strikes. After Brent crude hit a four-year high on Monday, …

As global oil prices crossed $100 per barrel, the US president dismissed concerns about the economic impact of the Iran-Israel conflict, describing the surge in energy costs as a very …

Industries around the world are bracing for a wave of cost increases as oil prices surge past $90 a barrel following the Iran conflict — the biggest weekly price jump …

The world’s major shipping companies are abandoning two of the most important trade routes on the planet, as the escalating military conflict in the Middle East renders commercial shipping in …