Finance
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Oil climbs and stock futures drop as fuel shortages spread while Trump makes series of apocalyptic threats against Iran ahead of moving deadline
After stocks notched the first positive week since the U.S.-Israel war on Iran started over a month ago, Wall Street is weighing another round of threats and the latest deadline from President Donald Trump. Futures tied to the Dow Jones industrial average fell 284 points, or 0.61%. S&P 500 futures were down 0.57%, and Nasdaq futures lost 0.56%. U.S.
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Russia’s key Baltic port resumes crude loading after attacks
Russia’s key Baltic port of Ust-Luga resumed crude loading after days of disruptions amid multiple Ukrainian drone attacks in the region. The Jewel, an Aframax-class vessel, started a cargo loading on Saturday, according to shipping information seen by Bloomberg News. Loadings at Ust-Luga, a key oil-export outlet in Russia’s west, stopped at the end of
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Even if Iran’s regime outlasts Trump, it may not survive reconstruction of the shattered economy, Mideast expert says
Tehran has been embolden by its ability to maintain tight control over the Strait of Hormuz and its own population. But even if the regime survives the war against the U.S. and Israel, its biggest challenge may come afterward. For now, there’s little sign of de-escalation as President Donald Trump has vowed to obliterate Iran’s
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Trump risks confidence in U.S. role as guardian of global shipping
Of all the things Donald Trump has done to disrupt global commerce, from levying punitive tariffs to tearing up trade deals, few would be as consequential as withdrawing and leaving the rest of the world to secure the Persian Gulf. The move, which the US president has repeatedly threatened as his war with Iran drags
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‘It’s shocking how poorly prepared the administration is’: DOGE gutted major energy personnel who warn the U.S. has lost key insights amid Iran war
About six months before the first U.S.-Israeli attack on Iran, the Trump administration gutted the Bureau of Energy Resources (ENR), an 80-person team within the State Department tasked with leading international energy diplomacy. The cuts were part of the then Elon Musk-led Department of Government Efficiency (DOGE) initiative to reduce the federal workforce, with the