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energy-markets

3 stories on energy-markets, across Business.

Guided-missile destroyer USS Porter (DDG 78) was damaged in a collision with the Japanese owned bulk oil tanker M/V Otowasan in the Strait of Hormuz, Aug., 12. No personnel on either vessel were repor

Oil Prices Surge After Trump Rejects Iran Peace Proposal

Global energy markets reacted with price increases as the U.S. President rebuffed Iran's latest offer to end the Middle East conflict and the Strait of Hormuz remained shut.

May 11, 2026

Business

Oil Prices Surge Following U.S.-Iran Fire Exchange in Strait of Hormuz

Crude oil futures jumped Friday as renewed hostilities between the U.S. and Iran threatened a fragile ceasefire and global supply chains.

May 8, 2026

Oil refinery#Anacortes Refinery (Tesoro Corporation), on the north end of March Point; Mount Baker (10,781 feet, 3286 meters); 2006 refinery capacity, 115,000 barrels per day; 917 acres, 350 employees

Business

Oil Prices Drop Below $100 as Markets Await Iran Response to U.S. Deal

Crude oil futures fell sharply Thursday as investors reacted to reports of a draft plan to end the conflict between the United States and Iran.

May 7, 2026

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