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In early 2025, oil prices crashed to nearly $60 a barrel but rebounded to $75 due to the recent conflict.
Although the U.S. is a net oil exporter, higher oil prices could increase inflation and lower economic growth.
Almost a third of the global seaborne oil trade moves through the Strait of Hormuz. Any interruption could send crude prices ...
Oil prices leaped, and stocks slumped on worries that escalating violence following Israel’s attack on Iranian nuclear and ...
Rather, it is geopolitical factors—specifically, escalating tensions in the Middle East—that are unsettling markets and ...
A fire has broken out at a Marathon Oil refinery in Texas City, emergency officials say. The Texas City Office of Emergency ...
Larry He, who served as Mr. Cuomo’s Asian outreach director, held senior posts at a multibillion-dollar firm owned by China ...
The past two years of escalating tensions in the Middle East have taught oil traders to be sanguine about the risk of ...
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