Business > BusinessNews

Stocks splutter as oil races to near six-month high

1 month ago   |   By Reuters

Oil prices jumped to near six-month highs on Tuesday as the United States tightened sanctions on Iran, sending shares of energy companies higher but largely failing to help the currencies of the main crude-oil producers.
Read more ...

 

Oil prices soar after Trump tightens his squeeze on Iran, while Tehran threatens to close one of the world's most important shipping lanes in retaliation

Oil prices soar after Trump tightens his squeeze on Iran, while Tehran threatens to close one of the world's most important shipping lanes in retaliation

1 month ago   |   By Business Insider

Oil prices jumped to a six-month high on Tuesday after the US government decided not to renew waivers for buyers of Iranian crude after they expire in May, according to Bloomberg .
Nations such as China, India, and Turkey will face sanctions if they continue purchasing oil from OPEC's fourth-largest producer after May 1.
RBC Capital Markets anticipates a loss of 700,000 to 800,000 barrels per day without the waivers.
In retaliation, Iran has threatened to close the Strait of Hormuz, a crucial shipping lane in the global oil trade, and the only seaborne route out of the Persian Gulf.
Follow...
Read more ...

 

Oil races to near six-month highs on Iran sanctions, stocks rise

1 month ago   |   By Reuters

World oil prices jumped to near 6-month highs on Tuesday as the United States tightened sanctions on Iran, sending shares of energy companies higher and boosting currencies of several major crude producers.
Read more ...

 


Search by Tags

   BusinessNews      World      Market  


Theresa May announces her resignation as prime minister and Conservative leader

Theresa May announces her resignation as prime minister and Conservative leader

Theresa May has announced her resignation as prime minister and Conservative Party leader. May was forced to quit after her attempt to bring forward the legislation to enact... Read more ...

Trump is going around Congress to sell bombs to Saudi Arabia, and a top...

Trump is going around Congress to sell bombs to Saudi Arabia, and a top senator warns it's an 'incredibly dangerous precedent'

President Donald Trump is bypassing Congress to sell $2 billion worth of arms to Saudi Arabia by invoking a loophole in the Arms Control Act. The loophole gives the State... Read more ...

L.L.Bean is having a big Memorial Day sale with 20% off everything through...

L.L.Bean is having a big Memorial Day sale with 20% off everything through the weekend - here are 11 standout deals

Insider Picks writes about products and services to help you navigate when shopping online. Insider Inc. receives a commission from our affiliate partners when you buy through... Read more ...

Apple devices are on sale at Best Buy for Memorial Day - save up to $400 on...

Apple devices are on sale at Best Buy for Memorial Day - save up to $400 on MacBooks and $50 on the rarely discounted Apple Watch Series 4

Insider Picks writes about products and services to help you navigate when shopping online. Insider Inc. receives a commission from our affiliate partners when you buy through... Read more ...

Disgraced ex-governor Eric Greitens has rejoined the Navy, but not as a Navy...

Disgraced ex-governor Eric Greitens has rejoined the Navy, but not as a Navy SEAL again

Former Navy SEAL Eric Greitens, who resigned in disgrace as governor of Missouri last year, is putting his uniform back on - just not as a Navy SEAL. The former governor had... Read more ...

Jayme Closs says her kidnapper 'took away the most important things in my...

Jayme Closs says her kidnapper 'took away the most important things in my life' in powerful statement read at his sentencing hearing

Jake Patterson, who pleaded guilty to kidnapping Jayme Closs and murdering her parents, appeared in court for a sentencing hearing on Friday. In a statement read by Jayme's... Read more ...

Nordstrom is having a huge sale on sandals right now - here are the 19 best...

Nordstrom is having a huge sale on sandals right now - here are the 19 best pairs to buy for women and men

Insider Picks writes about products and services to help you navigate when shopping online. Insider, Inc. receives a commission from our affiliate partners when you buy through... Read more ...

In Midst Of Opioid Crisis, FDA May Block New Addiction Drug From Market

In Midst Of Opioid Crisis, FDA May Block New Addiction Drug From Market

A quirk in the law gives an older opioid addiction treatment "orphan drug" status - and a period of exclusive market access. That may prevent some new therapies from reaching... Read more ...

White House Announces $16 Billion In Aid To Farmers Hurt By China Trade Dispute

White House Announces $16 Billion In Aid To Farmers Hurt By China Trade Dispute

The U.S. agricultural sector has been hit hard by the trade conflict with China. Agriculture Secretary Sonny Perdue says some of the aid money will be used to build markets... Read more ...

US and Chinese consumers are 'unequivocally the losers' of trade war tariffs...

US and Chinese consumers are 'unequivocally the losers' of trade war tariffs - here are the unexpected winners

American and Chinese consumers and producers are paying the price of the yearlong trade war , which has seen the US and China slap tariffs on billions of dollars' worth of each... Read more ...