Section
The latest commodities coverage from the TrustFinance editorial desk.
Two supertankers carrying a combined 4 million barrels of Saudi crude were struck by projectiles in the Strait of Hormuz, escalating regional tensions and sending oil prices sharply higher amid concerns over global energy supply disruptions.
A landmark U.S. government deal to access Venezuelan oil reserves is reportedly causing hesitation among major producers, who have raised concerns about the agreement's structure and the central role of a specific private firm.
The precious metal found a floor after a sharp two-day selloff as new military strikes in the Middle East raised the prospect of higher energy costs, complicating the Federal Reserve's interest rate outlook.
Crude oil benchmarks rose on Tuesday after a resumption of direct military strikes between the U.S. and Iran heightened investor concerns over potential supply disruptions from the critical Strait of Hormuz.
Crude oil benchmarks extended gains, with Brent surpassing $91 a barrel, after renewed U.S.-Iran military strikes and threats from President Trump stoked fears of supply disruptions through the Strait of Hormuz.
The White House has detailed a landmark energy agreement with Venezuela, giving the U.S. State Department and the Pentagon significant influence and equity in operations run by North American Blue Energy Partners.
A group of international energy companies, including Chevron, GE Vernova, and Eni, are on track to sign final agreements to expand projects in Venezuela under a revised hydrocarbon law, according to sources familiar with the matter.
North American Blue Energy Partners will take over several Venezuelan oil projects previously run by Chinese and Russian state-owned firms as part of a broader production agreement, according to U.S. officials.
A top Ukrainian official is visiting Washington to advocate for a sweeping Russia sanctions bill that, despite strong Senate approval, faces significant opposition in the House from Democrats concerned about its tariff provisions.
