After weeks of blockades by Iran and the United States in the Strait of Hormuz, it’s clear the narrow waterway is now pivotal to the outcome of the conflict. The US has begun to escort ships through ...

Venezuela’s oil rebound is not simply a production story. It is a story about sanctions licenses, naphtha, rig reactivation, tanker access, refinery fit, insurance, payment clearance, and legal ...

LONDON, May 18 (Reuters) - The U.S. dollar-dominated global oil trading system is being tested by the Iran war and the closure of the Strait of Hormuz, as governments in major consuming nations turn ...

The U.S. dollar is known as the world's reserve currency, and a big driver of that status comes from something called the petrodollar system. Wailin Wong and Adrian Ma of The Indicator chronicle the ...

ECONOMISTS LIKE to preach prudence, but they do not always practise it. Ibrahim Oweiss was a young economist in Egypt’s Ministry of Industry when he offered some frank advice to his bosses. He warned ...

West Texas Intermediate crude started 2026 at $57 a barrel and now trades near $112, a near-doubling driven by Iran-related tensions around the Strait of Hormuz and a sustained geopolitical risk ...

The U.S.-dominated global oil trade system is under pressure from the Iran War and the closing of the Strait of Hormuz as governments in major consumer nations make increasingly opaque deals to secure ...