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Oil prices sank more than 6 per cent Monday after Iran attacked a US military base in neighboring Qatar in retaliation for US ...
Wall Street strategists believe a big spike in oil prices could be the next major catalyst for equities if tensions continue to escalate in the Middle East.
Brent futures had lost 6.12% to $72.59 a barrel and continued the dip to $72.51 per barrel, down 6.22%. WTI futures with the settlement in August 2025 tumbled 7.64% to $69.54 per barrel.
Futures tracking the Dow Jones Industrial Average climbed 11 points, effectively trading flat. S&P 500 futures climbed 0.2%, and contracts tied to the tech-heavy Nasdaq 100 were also up 0.2%.
Oil futures are selling off following Iran's missile attack on a U.S. military base in Qatar, with benchmark U.S. prices ...
Oil futures edged lower in volatile trade as the market responded to U.S. strikes against Iranian nuclear facilities over the weekend.
Brent futures had lost 3.5% to $74.61 a barrel but rolled back further on to $75.3 per barrel, down 2.2%. WTI futures with the settlement in August 2025 tumbled 2.67% to $72.27 per barrel.
While there have been no major disruptions to the global oil supply so far, the attacks on Iran — by Israel and then the US — ...
Iran mulls closing the Strait of Hormuz as retaliation: How it could affect global shipping, economy
Iran threatened to close the Strait of Hormuz, a vital shipping lane handling 20% of global petroleum demand, in response to U.S. and Israeli strikes on Iranian nuclear facilities.
Iran fired missiles at a U.S. military base in Qatar, the Wall Street Journal and other news organizations reported. The move came after Qatar had closed its airspace. Videos filmed by residents in Qa ...
Trump wants oil producers to pump more crude amid jitters that Iran may close critical shipping lane
The push by President Trump comes at an uncertain moment as US embassies and military installations in the Middle East are on ...
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