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Gold edges lower to near $4,150 on US–Iran peace uncertainty, hawkish Fed signals
Gold price (XAU/USD) trades with mild losses around $4,155 during the early Asian session on Monday....
WTI rises nearly 2% on Strait of Hormuz closure, shaky peace talks
West Texas Intermediate (WTI) – the US oil benchmark – opened Monday’s Asian trading with an over $1...
Stock market today: S&P 500, Nasdaq, Dow futures slide with US-Iran peace and inflation in focus
US stock futures slipped against a backdrop of uncertainty ahead of a key inflation reading....
Iran War Threatens Gulf Investment Boom in Central Asia
The 2026 U.S.-Israel war on Iran, the Ramadan War, which began with airstrikes on 28 February 2026 and involved Iranian retaliation via missiles, drones, and a blockade of the Strait of Hormuz, has in ...
Why U.S. Drillers Can’t Solve the World’s Oil Supply Crisis
Since he came into office in January 2025, United States President Trump has been pushing oil companies to “Drill, baby, drill!” However, despite being given free rein to increase oil production, seve ...
Japan’s Hybrid Car Strategy Gains Ground as EV Demand Rises
Japan has long been known for its strong automaking industry. However, in recent years, it has come to dominate the global hybrid vehicle market, demonstrating that it can evolve to be competitive as ...
Cenovus Warns Oil Sands Growth Is Drying Up as Policy Uncertainty Mounts
Cenovus Energy (TSX, NYSE: CVE) just posted one of its strongest quarters on record. Its CEO used the earnings call to deliver one of the starkest warnings the oil sands industry has heard in years. J ...
AI Is Making Cyberattacks Cheaper, Faster and More Dangerous, IMF Warns
Evermore sophisticated AI-powered cyberattacks could threaten the stability of the global financial system, The International Monetary Fund (IMF) has warned, as regulators race to contain a new genera ...
US Oil Drillers Continue to Add Rigs
The total number of active drilling rigs for oil and gas in the United States rose this week, according to new data that Baker Hughes published on Friday, bringing the total rig count in the US to 548 ...
US Hits Iran-Flagged Oil Tankers While Peace Talks Continue
U.S. forces struck two empty Iranian-flagged oil tankers in the Gulf of Oman on Friday, escalating pressure on Tehran’s shipping network even as Washington says a potential deal to halt the war could ...
Iran Seizes Tanker Carrying Its Own Oil
Iran has seized a tanker that appears to have been carrying its own oil, highlighting just how tangled its export system has become under sanctions and blockade. State media said Iranian forces detain ...
Upstream Oil and Gas Deal Value Plunges Amid Oil Price Uncertainty
The collective monthly value of asset deals within the upstream oil and gas sector collapsed to $5.55 billion in March, down from $32 billion in February, even as the volume held steady at 35 transact ...
U.S. and South Africa Discuss Potential Critical Mineral Deals
Despite tense bilateral relations, the United States and South Africa held this week their highest-level meeting so far this year to discuss potential resource deals in critical minerals, the Financia ...
Oil Markets Whipsawed by Conflicting U.S.-Iran Signals
Oil prices head for a 7% weekly loss as traders struggle to price in conflicting signals from U.S.-Iran talks and ongoing Middle East attacks. Friday, May 08, 2026 Oil prices are set for a 7% weekly l ...
Iraq Denies U.S. Claim Deputy Minister Helped Iran’s Oil Sales
Iraq’s Oil Ministry has denied that its deputy minister was involved in opaque sales of Iraqi oil mixed with Iranian crude for Iran’s benefit, as the U.S. alleged on Thursday when it sanctioned the se ...