Business

 In the Race Between Gas Prices and EV Adoption, the War in Iran Just Changed the Pace

The US electric vehicle market has been running a long, slow race against the inertia of a culture built around gasoline. Policy changes, technology improvements, and falling prices have nudged adoption forward over time, but the pace has been frustratingly slow for supporters of electrification. The Iran conflict may have just changed the pace of that race significantly, with gas at $3.90 per gallon...

US Oil Prices Expected to Swing Again Monday as Iran Conflict Tightens Supply

US oil prices are expected to experience another round of dramatic swings on Monday, as three weeks of war with Iran continue to constrain global oil supply. Petroleum analyst Patrick De Haan has placed his forecast at $3.80 to $3.85 per gallon at US pumps, while acknowledging that $4 gas is still within the realm of possibility. The sustained conflict has upended energy market...

National Security Deal or Government Revenue Play? The $10 Billion TikTok Fee Examined

What was originally framed as a national security measure — forcing ByteDance to sell TikTok's American operations — now reveals an additional dimension: a...

Oil Markets Refuse to Calm as Middle East Violence Overshadows Reserve Release

A record release of emergency crude from the world's largest oil-consuming nations failed to permanently pacify energy markets Thursday as fresh Iranian strikes kept...

SpaceX Targets Nasdaq 100 for Massive Market Entry

SpaceX is reportedly seeking a $1.75 trillion valuation for a potential listing on the Nasdaq exchange. This move would make the aerospace leader the...

Trump Balances Reassurance with Threats as Oil Prices Volatility Continues

Oil prices saw a sharp decline on Tuesday, ending a day of extreme fluctuations after Donald Trump commented on the state of the US-Israel-Iran...

Oil Hits Century Mark as Iran’s New Leader Inherits a Nation at War

Iran awoke to two simultaneous crises over the weekend: a new supreme leader and a war that was rapidly spiraling out of control. As...

Gas Prices Hit Three-Year High as Qatar Drone Strike Compounds Oil Crisis

The Iran conflict has expanded into a full-blown gas market crisis, with European natural gas prices surging to three-year highs after an Iranian drone...

OPEC+ Output Boost Proves Useless as Hormuz Blockade Traps Middle East Oil

A decision by the OPEC+ cartel to modestly increase oil production provided little comfort to energy markets on Monday, as analysts pointed out that...

Trump Raises Tariffs as Global Businesses Demand Relief From Trade Uncertainty

Business communities in the United States and across the world reacted with alarm Saturday as President Trump announced a 15% tariff on all imports,...

Scunthorpe’s Overnight Shift Returns: British Steel’s Turkish Deal Rewrites the Timetable

For the first time in more than a decade, workers at British Steel's Scunthorpe plant are pulling overnight shifts, thanks to a major new...

Private Refiners Adjust Strategy as Discounted Russian Crude Loses Appeal

India's private refineries, which had been major purchasers of discounted Russian crude, began adjusting their procurement strategies in late 2025 as geopolitical pressures intensified....

EU Embraces ‘Buy European’ Strategy to Counter Economic Threats

European Union leaders committed to "Buy European" policies protecting strategic industrial sectors during their summit focused on continental competitiveness. The gathering addressed Europe's position...

Bank of England Holds at 3.75% as Governor Bailey Becomes Emotional Discussing Peter Mandelson

The Bank of England has kept interest rates unchanged at 3.75%, though the post-decision press conference was marked by Governor Andrew Bailey's emotional response...