Oil majors post $93 billion combined profit as Hormuz closure disrupts supply
Eight major oil companies posted almost $93 billion in combined profit between April and June 2026, nearly double the same…
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Iran Claims It Has Expelled US Forces From the Strait of Hormuz
Iran's army commander, Hatami, says U.S. forces have been expelled from the Persian Gulf, the Gulf of Oman, and the…
Iran fires anti-ship missiles from Qeshm Island toward the Strait of Hormuz
Iran fired anti-ship missiles from Qeshm Island toward the Strait of Hormuz and the Gulf of Oman. The launch adds…
XOP’s 43% Rally Hinges on How Fast the Strait of Hormuz Reopens
The SPDR S&P Oil & Gas Exploration & Production ETF (XOP) is up 43% this year on a Middle East…
US Strategic Petroleum Reserve falls below 300 million barrels, raising cavern damage concerns
The U.S. Strategic Petroleum Reserve has fallen below 300 million barrels for the first time since it was filled in…
