Iran is insisting on a diplomatic solution to the ongoing conflict after U.S. President Donald Trump rejected its proposal to reopen the critical Strait of Hormuz, a standoff that carries significant implications for global energy markets.
Brent and WTI crude futures gained after President Donald Trump's rejection of a peace deal from Iran renewed geopolitical tensions and concerns over supply through the Strait of Hormuz.
The European Union is warning member states of a potential energy price crisis fueled by Middle East conflict, urging them to curb demand and continue filling storage ahead of winter.
Chicago soybean futures closed higher on Friday as the market awaited specific outcomes from a U.S.-China summit, with domestic supply tightness from harvest delays providing additional support.
Three of India's largest state-run oil companies have issued a joint tender to purchase approximately 2.75 million metric tons of liquefied petroleum gas from the United States for delivery throughout 2027.
A potential 'Super El Niño' event causing a warmer winter in Asia is unlikely to significantly impact global liquefied natural gas demand, with any reduction falling within normal yearly fluctuations, according to a new report from Bernstein.
Top Iranian military officials have declared their armed forces are prepared for any new U.S. attacks, escalating rhetoric after a U.S. rejection of a proposal concerning the strategic Strait of Hormuz.
Tehran is awaiting official notification through mediators after U.S. President Donald Trump publicly dismissed a proposal to reopen the strategic Strait of Hormuz, a key chokepoint for global oil shipments.
A powerful Nor'easter is causing significant economic disruption across the U.S. Northeast, with widespread power outages affecting over 100,000 customers at its peak and airlines canceling more than 400 flights on Saturday.
