Oil Prices

Close-up of stacked pure gold bullion bars

October 24, 2026

Gold Heads for Weekly Loss as Oil Stokes Inflation and Fed-Rate Concerns

If you track gold prices, the pattern for the week ending October 24, 2026 repeated itself: oil rose on geopolitical tensions, inflation concerns followed, expectations of Federal Reserve rate cuts were pushed

Oil tanker at sea used to illustrate global oil markets

Business·Energy·Policy·USA

Gas Hit a Record 158 Days Above $4 This Year — Here’s Why the Chevron CEO Says It Won’t End When the War Does

In 2026, the United States set a record for the most days in a single calendar year with national average gasoline prices above $4 a gallon — surpassing the previous 2022 record of 157 days. The people who run the

October 21, 2026

Hormuz Transits Down 70% and Brent at $108 — Can Lavrov’s First Tehran Visit in 8 Months Change Anything?

Asia·Business·Energy·Maritime·Policy·War

What has changed since last week: Russia’s foreign minister visited Tehran on Monday for the first time since the US-Iran conflict began approximately eight

Riyadh airport attack and oil prices: What US entry could change

Energy·World

A projectile strike on Saudi Arabia’s main international airport killed at least 12 people on October 10, including one American citizen. The Trump administration

A large commercial vessel navigating open waters along the narrow shipping corridor of the Strait of Hormuz under naval escort.

Business·Energy·World

Hormuz Tanker Attack: Why Big Oil Can Win When Crude Prices Surge

Hormuz Tanker Attack: How Big Oil Profits When Oil Prices Surge Diesel and gasoline costs are climbing after a tanker was hit off Qatar, and some energy companies are positioned to gain

Sunita Somvanshi

October 10, 2026

An oil pump jack operating at an oil field in California.

Business·Policy

Oil Prices Rise: Why Brent Topped $100

Brent crude crossed $100 per barrel on Wednesday after Houthi drone and missile strikes targeted Saudi infrastructure, prompting a sharp repricing of regional supply risks. Saudi Aramco has not confirmed the operational

Sunita Somvanshi

October 7, 2026

US Navy expeditionary mobile base ship and small patrol boats in the Strait of Hormuz

News·Policy·World

Iran Allegedly Charging Toll at Strait of Hormuz; Maritime Law and Oil Markets Clash

U.S. Treasury has confirmed allegations of “illegitimate schemes” linked to Iranian entities PGMIC and HormuzSafe that reportedly extort vessels transiting the strait; the precise payment volume and operator participation remain unclear. What

Sunita Somvanshi

October 6, 2026

A heavy-duty automated diesel fuel pump nozzle at a filling station.

Business·Energy·Policy·World

G7 Releases 100 Million Barrels as Trump Drops Diesel Export Ban — But Winter Buffer Is Now Thin

Update, October 5, 2026: Donald Trump has confirmed the US will not impose a diesel export ban following a deal with G7 allies. This article covers the market consequence. [Karmactive previously reported

Sunita Somvanshi

October 5, 2026

U.S. Navy sailor watches an MH-60R Sea Hawk during operations aboard USS Roosevelt in the Strait of Hormuz.

USA·World

Trump Said No to Iran’s Hormuz Offer: 20% of Global Oil Supply Stays Disrupted — and Lloyd’s Tables Are the Second Reason Why

President Trump has rejected Iran’s proposal to reopen the Strait of Hormuz under negotiated terms, according to reporting by CNN and Al Jazeera. The decision eliminates the most immediate diplomatic off-ramp in

Sunita Somvanshi

October 3, 2026

President Donald Trump speaking to members of the press during an official briefing on the rescue of missing U.S. airmen in Iran

Energy·UK·World

G7 Orders 100 Million Barrel Emergency Oil Release — UK Diesel Is at £2 a Litre and the 20-Day Diesel Deadline Changes Everything

If you’ve been paying more than £2 a litre at the pump this week, there’s a reason — and now there’s a response. G7 nations have agreed to coordinate an emergency release

Sunita Somvanshi

October 3, 2026

Satellite image of the Strait of Hormuz showing shipping lanes through the narrow waterway between Iran and Oman

Policy·USA

Trump Open to Iran Sanctions Relief — But Only on His Terms

Gas prices at your local pump depend on stability near the Persian Gulf. When US-Iran tensions spike, oil markets react within hours. That’s why the latest round of nuclear talks matters to

Sunita Somvanshi

September 29, 2026

U.S. Treasury Department building in Washington, DC.

Business·USA

10-Year Treasury Yield Near 5% as 30-Year Mortgage Rates Hit 7% — What That Means for Your Loan

American households are paying more to borrow. The 10-year Treasury yield — a rate that does not directly appear on any consumer loan statement, but that serves as an important benchmark for

Sunita Somvanshi

September 28, 2026

Energy·News·Policy·World

Iran Offered to Reopen Hormuz in 7 Days—Trump Said No as 20% of Global Oil Hangs in Limbo

— Trump Rejects Iran's Seven-Day Hormuz Reopening Plan as Oil Markets React Retail gasoline prices often respond to changes in crude-oil prices with a delay—and the duration of any disruption will ultimately

Sunita Somvanshi

September 27, 2026

António Guterres speaking at a United Nations climate-related event

Sustainability

Iran’s seven-day plan to reopen the Strait of Hormuz ties sanctions relief to a $12 billion asset release

Iran’s Foreign Minister Abbas Araghchi presented a seven-day plan to reopen the Strait of Hormuz and restart nuclear negotiations, delivered at the United Nations in New York on September 24-25, 2026. US

Rahul Somvanshi

September 26, 2026

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