Oil prices
- WorldSaudi Arabia Shuts Key Oil Pipeline After Drone Attack From IraqSaudi Arabia shut its strategic East-West oil pipeline after drones launched from Iraq hit it, sending crude prices above $100 a barrel for the first time since July.
- Houthis Advance Along Yemen's Red Sea Coast Threatening Bab el-Mandeb StraitWorld
- US Strikes Five Iranian Oil Tankers, Iran Hits US Base in JordanWorld
- WorldIran: At Least 15 Dead After US Military StrikesUS military strikes on Iran killed at least 15 people, sending oil prices sharply higher. Trump urged Iranians to revolt while playing down the escalation.
- Trump Says US Navy Has Cleared All Mines from Strait of HormuzWorld
- Iran-Oman Hormuz Shipping Deal Reaches Final StagesWorld
- BusinessOil Prices Cross $100 a Barrel as Iran War and Houthi Attacks Drive SurgeBrent crude hit $100.60 per barrel Thursday, a 29% monthly rise, as Houthi strikes on Saudi tankers and US-Iran hostilities rattled global energy markets and pushed gas to $4.09/gallon.
- Iran Threatens Trade Route Blockade as US Strikes ContinueWorld
- China Economic Growth Falls Sharply, Missing Annual TargetBusiness
- BusinessIMF Cuts 2026 Global Growth to 3% as Iran War Hits Energy PricesThe IMF lowered its 2026 global growth forecast to 3% on July 8, down from 3.5% in 2025 and its April estimate of 3.1%, blaming the Iran war's energy shock. Oil prices are up 32% in 2026, global inflation is forecast at 4.7%, while the US economy holds steady at 2.3% growth.
- Oil Surges to $78, Global Stocks Plunge on Iran-US War FearsBusiness
- Oil Prices Slip as OPEC+ Agrees to Raise Output by 188,000 Barrels per DayBusiness
- BusinessOil Prices Fall to Pre-Iran War Levels as Hormuz Traffic ResumesOil prices have dropped back to pre-Iran war levels as shipping traffic through the Strait of Hormuz gradually recovers following the US-Iran war deal. The resumption of tanker movement through the critical waterway has eased supply concerns that had driven energy prices higher.
