The British energy giant Shell reported robust profits following the surge in oil prices prompted by the U.S.-Israel war with Iran. The company, based in London, said Thursday that its adjusted profit soared 24 percent, to $6.92 billion, in the first three months of the year from the same time last year, higher than analysts…
Oil prices fell on Thursday and stocks moved higher on hopes that, despite rapidly shifting signals from Iranian officials and the Trump administration over the war, the two sides would once again restart peace talks. President Trump said Washington had held “very good talks” with Iran in the last 24 hours, but Iranian officials said…
Surging gas prices are inflaming a longstanding economic divide in America, as households with lower incomes struggle to pay more at the pump at a moment when prices are already elevated. After more than two months of war in the Middle East, the national average gas price has surpassed $4.50 a gallon. And according to…
Oil prices tumbled and stock markets rose on Wednesday as turmoil in the Persian Gulf eased after President Trump’s decision to pause the day-old U.S. operation to escort commercial ships through the Strait of Hormuz. He cited what he called “great progress” toward a peace agreement with Iran. But even as optimism grew for a…
Oil prices pulled back on Tuesday after a sharp increase a day earlier. They had surged on Monday as the fragile truce in the Middle East appeared to be in jeopardy. The United Arab Emirates said it had been attacked by Iran, while the U.S. military said Iran had fired at the ships and commercial…
Oil prices jumped Monday after Iran attacked the United Arab Emirates, jeopardizing a fragile ceasefire agreement between Tehran and Washington. International benchmark Brent crude futures rose nearly 6% to close at $114.44 per barrel. U.S. West Texas Intermediate futures advanced more than 4% to settle at $106.42 per barrel. The UAE’s Defense Ministry said in a social media post…
Gasoline prices are displayed at a Mobil gas station on April 29 in Portland, Ore. Jenny Kane/AP hide caption toggle caption Jenny Kane/AP Gas prices in the U.S. have gone up more than 30 cents a gallon in the last week and are slated to continue rising as the Strait of Hormuz remains closed amid…
Oil prices were marginally lower Thursday amid stalled peace talks between Iran and the United States, and continued restrictions through the Strait of Hormuz. Brandon Bell | Getty Images Oil prices fell Friday after Iran sent an updated peace prososal to mediators in Pakistan, raising hopes again that a settlement with the U.S. is still…
Lately, financial markets appear confused. Oil prices recently hit their highest level since the start of the war in Iran, stoking broad worries about inflation and a global energy crisis. Yet, it has been the best month for the stock market of President Trump’s second term. The S&P 500 ended April nearly 10 percent higher…
The American economy extended a streak of resilience and expanded at an annual rate of 2 percent in the first three months of the year, even as global energy prices surged in the first weeks of war with Iran. The data from the Commerce Department offered the first official snapshot of how the U.S. economy…
