Oil Prices Spike as U.S. and Iran Exchange Fire
Oil prices climbed as investors weighed a renewed exchange of military strikes between the United States and Iran against signs that both sides remain engaged in negotiations.
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Oil (Petroleum) and Gasoline
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Alberta’s Movement to Separate from Canada Gets Its Moment
In October, Albertans will get to say if they want to stay in Canada, or hold a referendum to leave. Will it settle the matter, or deepen the rift?
Oil Prices Jump as Middle East Tensions Build
Some analysts said the main international oil price, which was up 6 percent on Monday, could climb much higher in the coming weeks if the Strait of Hormuz doesn’t reopen.
They Voted for Trump. Here’s How They Feel About High Gas Prices.
With the midterm elections five months away, many Americans who backed President Trump are wrestling with pain at the pump and the war in Iran.
Oil Prices Fall as U.S. and Iran Edge Closer to Agreement
Oil prices and stock markets fluctuated as investors assessed tentative signs of a pact to extend a cease-fire.
Rural Areas
How Fuel Price Shocks Rattled a Remote New Zealand Village
The prices of diesel and gasoline soared after the Iran war started, piling more hardship on people in Ruatahuna, one of New Zealand’s most remote villages.
US and Israeli Attack on Iran (2026)
Trump’s Iran Approach Sows Confusion
President Trump’s pendulum swings on Iran have often seemed driven by mood and moment rather than any discernible strategy.
Cuba
Cuba Loses Its Chance at Fuel After Russian Tanker Changes Route
A Russian tanker seemingly en route to Cuba with a lifeline of fuel has changed direction, a painful development for the island suffering under a U.S. oil blockade.
Prices (Fares, Fees and Rates)
These Drivers Found Cheap Gas
It’s in Valley Center, Calif., on tribal land. Customers relish every penny saved.
US and Israeli Attack on Iran (2026)
Oil Prices Climb and Stocks Fall After U.S. Strikes Iranian Drones
Oil prices jumped after the U.S. said it shot down four Iranian attack drones, casting doubt once again on the prospects for a peace deal.
US and Israeli Attack on Iran (2026)
Trump Says He Feels No Political Pressure to Make an Iran Deal
President Trump held out hope for a peace agreement, but said high oil prices would not force his hand.
US and Israeli Attack on Iran (2026)
Oil Prices Fall as Uneasy Truce Holds Between U.S. and Iran
Traders are weighing signals that a more lasting agreement may be within reach against recent flare-ups in hostilities.
Shortages
Global Supply Shortages Deepen as War Drags On, Risking Jobs and Growth
After three months, the fallout of the closure of the Strait of Hormuz is spreading, with developing countries bearing the brunt of the shortfall.
Appointments and Executive Changes
BP Ousts Chairman, Citing ‘Serious Concerns’ Over Conduct
The British oil group said that Albert Manifold had been removed, after concerns were raised “related to important governance standards, oversight and conduct.”
Airlines and Airplanes
How Delta Steered Around Airline Industry Chaos
The carrier has become the country’s most profitable by catering to affluent travelers, but it is facing stiffer competition from United.
US and Israeli Attack on Iran (2026)
Global Oil Price Rises After U.S. Strikes in Iran Cloud Peace Deal
Optimism for a resolution to the conflict and the reopening of the Strait of Hormuz was checked after the United States said it had carried out strikes on missile launch…
Ships and Shipping
Even After a Strait of Hormuz Deal, Moving 1,500 Ships Won’t Be Easy
An agreement to reopen the waterway would be followed by a complicated process of navigating a backlog of vessels stranded for nearly three months.
US and Israeli Attack on Iran (2026)
Oil Prices Fall on News of Possible Iran Deal
S&P 500 futures were up slightly in what may be a sign that investors and analysts are waiting to see if a deal is finalized.
US and Israeli Attack on Iran (2026)
Reopening of Strait of Hormuz Still a Question Mark
Without the details of a formal agreement, it is unclear how soon normal shipping will resume and when oil prices will start to come down.
Far East, South and Southeast Asia and Pacific Areas
The War-Driven Supply Shock Already Roiling Manufacturing in Asia
A shortage of naphtha, stemming from the blockade of the Strait of Hormuz, is disrupting manufacturing and retail goods in Japan and South Korea.
California
How $6 Gas Prices Are Affecting the Lives of Californians
California is the nation’s most expensive state for gasoline. The latest spike has forced more residents to change their habits.
US and Israeli Attack on Iran (2026)
Which Countries Are Profiting From the Iran War Oil Shock
An analysis of oil export data offers clues about which nations have benefited from higher prices, and which have lost a lot of revenue.
US and Israeli Attack on Iran (2026)
Trump’s Iran War Is Punishing America’s Working Class
Higher fuel prices are a burden on low-income families.
US and Israeli Attack on Iran (2026)
Oil Prices Rise as Trump-Xi Summit Yields No Clear Breakthroughs on Iran War
Hopes for an end to the war in Iran faded after President Trump failed to secure a commitment from China to help persuade Iran to reopen the Strait of Hormuz.
US and Israeli Attack on Iran (2026)
Oil Prices Waver as Trump Meets China’s Xi to Discuss Strait of Hormuz
The president is expected to urge the Chinese leader to help ease tensions in the Middle East by helping to persuade Iran to end the war.
Stocks and Bonds
Why Stocks and Bonds Are Responding Differently to the Iran War
Stock investors are betting that companies will make enormous profits, despite the war. But investors in bonds, including U.S. Treasuries, have other concerns.
Costa Rica
These Countries Embrace E.V.s to Avoid Oil Price Shocks
People in Costa Rica and other Latin American, Asian and African countries are increasingly buying electric vehicles to avoid spiking fuel prices.
Oil (Petroleum) and Gasoline
Why Diesel Has Become a Much Bigger Economic Problem Than Gasoline
The war in Iran has disrupted supplies of diesel, used to power trucks and heavy equipment, much more than gasoline, which is primarily used in passenger cars.