The Middle East conflict has triggered widespread supply shocks for multiple commodities, deeply impacting the global energy, petrochemical, agriculture, and shipping industries, among others. The disruption of shipping through the Strait of Hormuz, which handles nearly 27% of global maritime oil trade, has triggered historic shortages and long-term operational strain on the Gulf’s energy infrastructure,…
Halliburton delivered a strong earnings performance in the first quarter of 2026, with net income rising to $461 million, or $0.55 per share, compared to $204 million a year earlier, as improved operating efficiency and international activity drove margin expansion. Revenue was broadly unchanged at $5.4 billion, reflecting a mixed operating environment in which international…
Accelerated refinery closures over the past decade and increased dependence on kerosene from the Middle East have once again exposed the vulnerability of Europe’s energy supply. For years, European consumers have had to deal with last-minute strikes by ground staff and cabin crew during the peak summer travel season. This year, the strikes may be…
Large European companies are expected to post a strong quarter later this month and early May thanks to their trading divisions. While the oil majors are not reporting trading profits, BP, Shell, TotalEnergies and Equinor all signaled they are making a lot of money from oil and gas trading in what some say is the…
He Nasdaq Composite The index went through a torrid period in the first quarter of this year, losing just over 7% of its value, with its momentum fueled by factors such as the Middle East conflict, higher oil prices, mixed economic data and the increasing likelihood that the United States will soon enter a recession….
The conflict in the Middle East has led to an unexpected target: American technology giants. Iran’s Revolutionary Guard Corps (IRGC) said it plans to attack the operations of American technology companies in the Middle East, naming most of the Magnificent Seven companies and other widely recognized companies. These companies should take this threat seriously, as…
May WTI Crude Oil (CLK26) is down -1.62 (-1.60%), and May RBOB Gasoline (RBK26) is down -0.0787 (-2.46%) today. Crude oil and gasoline prices are sharply lower today amid growing optimism that the war in the Middle East is coming to an end. Crude oil prices remained low after EIA weekly crude oil inventories rose…
By Robert Harvey and Georgina McCartney LONDON/HOUSTON (Reuters) – If you want to buy a cargo of oil in Asia or jet fuel in Europe right now, you may have to pay a record price for it. Rising oil prices in physical markets – where oil is traded on ships, rail cars or in storage…
As the war in Iran spreads to other parts of the Middle East, energy experts expect the price of several oil and gas products to soar in the coming months, driven by shortages. This is likely to affect flight prices, with several airlines warning of expected price increases. It could lead to a drop in…
The escalating conflict in the Middle East is casting a long shadow over global sports, jeopardizing the calendars of icons such as Lionel Messi, Cristiano Ronaldo and Lewis Hamilton. A wave of travel cancellations and disruptions has already spread across the region following the attacks launched by the United States and Israel against Iran on…
