Gulf Arab oil producers are cutting production as they run out of storage space because they can't export through the Strait of Hormuz

Surging global oil prices due to the Iran war are leading to a spike in gasoline costs for U.S. motorists.

Oil prices have surged above $90 amid disruptions in the Strait of Hormuz. Here’s a reality-based look at how high crude could go—and what ultimately limits the spike.

Oil took center stage once again in this week's volatile action. Rising 37% since last Friday, crude is now at concerning levels, even outperforming the January 2022 Ukraine war weekly performance, reaching $92.

XRP steadies near $1.40 as falling oil prices, optimism around US crypto legislation, and deeply negative funding rates hint at a possible rebound despite weakening XRPL DEX activity.

As the May West Texas Intermediate futures contract heads into its final months of trading, the crude oil complex navigates an unusually volatile backdrop of geopolitical risk and predictable seasonal demand patterns.

Oil prices are taking a significant turn, surging above $73 following the joint US-Israeli strikes on Iran. This geopolitical tension has injected a risk premium into the crude market.

WTI crude retreats to $87 as the conflict premium fades. Key support sits at $83, while Brent and natural gas track easing volatility.

Supply concerns are back in focus across energy markets. Crude prices now react to disruption headlines almost instantly. A disruption headline appears, and futures move within hours. Inflation expectations, however, remain far more restrained. The gap is easy to see in gold vs. oil, where the two markets are reacting to very different signals.