Cubans are scrambling to install solar panels on their homes, shops and vehicles to combat extended blackouts as Washington prevents oil shipments from reaching the Caribbean's largest island, contributing to electricity generation shortfalls.
Crude oil holds weekly gains as Trump's 10–15 day Iran warning raises volatility, with traders watching supply risks, inventory declines and key resistance levels.
The security premium on oil often confounds markets and analysts. Essentially, it is crowd-sourcing (as the kids say) of probabilities about geopolitical risks: how likely are given developments and what impact would they have.
U.S. strikes on Iran could precipitate a big oil price spike if the Islamic Republic is able to make the Strait of Hormuz unsafe for commercial traffic. More than 14 million barrels per day of oil passed through the strait in 2025, about a third of total worldwide oil exports transported by sea.
U.S. President Donald Trump has given Iran "10 to 15" days to make a meaningful deal over its nuclear program — or “really bad things” will happen. Oil prices held at six-month highs on Friday morning as energy market participants continue to closely monitor heightened geopolitical tensions.
Oil prices were higher on Friday as concern of conflict between the U.S. and Iran ratcheted up, with Washington saying Tehran will suffer if it does not agree a deal about its nuclear activity within a matter of days.
Oil futures edged higher in early Asian trade amid ongoing U.S.-Iran tensions that could lead to supply disruptions.
Record Resources Inc (TSX-V:REC) is betting big on West Africa's offshore oil, securing a 20% stake in Gabon's Ngulu block while avoiding the high-cost, high-risk first four years thanks to a carried-interest deal with ReconAfrica. What makes the deal stand out is the structure.
Ahead of the bell: Geopolitical tensions and Federal Reserve uncertainty weigh on markets US stock futures fell on Thursday as rising fears of a military strike on Iran pushed oil prices sharply higher, while investors digested cautious signals from Federal Reserve minutes. Contracts on the S&P 500 and the tech-heavy Nasdaq 100 dropped 0.3% and 0.2% respectively, reversing earlier gains, with Dow Jones futures also sliding 0.25% after solid gains across major benchmarks the previous session.
Russian state oil and gas revenue is seen almost halving in February to 410 billion roubles ($5.35 billion) from the same month in 2025 due to a stronger local currency and lower oil prices, Reuters calculations showed on Thursday.
Russian President Vladimir Putin said the Kremlin considers the Trump administration's oil blockade on Cuba unacceptable. His comments came during a meeting with Cuban Foreign Minister Bruno Rodríguez Parrilla.
The threat of military action also helped push gold back above $5,000. U.S. stock futures were lower as traders weighed hawkish Fed minutes.