Brent crude briefly climbed close to $120 per barrel on March 9, 2026 before retreating. On March 11, while West Texas Intermediate crude traded near $88.6 per barrel. Brent is currently hovering around $88–$90 after briefly dropping below $80 earlier this week. The declining prices follows the International Energy Agency (IEA)’s consideration of the largest…
SK Hynix Inc. 12-layer HBM3E memory chips, front, and a LPDDR5X CAMM2 memory module arranged at the company’s office in Seongnam, South Korea, on Tuesday, April 22, 2025. SeongJoon Cho | Bloomberg | Getty Images A prolonged conflict in the Middle East could impact the semiconductor industry’s access to key materials while rising costs could…
WASHINGTON — Some 140 American service members have been wounded since start of the Iran war, with eight of them “severely injured” and receiving medical care, the Pentagon said Tuesday. “The vast majority of these injuries have been minor, and 108 service members have already returned to duty,” Pentagon spokesperson Sean Parnell said in a statement. The…
TEHRAN — The elevation of Mojtaba Khamenei to the mantle of supreme leader brings to Iran’s top job a hard-line figure who is most firmly his father’s son in charting a defiant path for the country. “Mojtaba Khamenei’s elevation is not just a succession, it is a provocation — a blunt middle finger to Trump,” said Ali…
President Trump weighed in Monday on the plight of Iran’s national women’s soccer team, who were caught up in the geopolitical ramifications of the U.S.-Israeli war on their home country as they participated in the women’s Asian Cup in Australia, offering them asylum in the U.S. There were calls for Australia to offer the women…
A support vessel maneuvers near the crude oil tanker ‘Devon’ as it sails through the Persian Gulf towards Kharq Island oil terminal to transport crude oil to export markets in Bandar Abbas, Iran, on Mar. 23, 2018. Ali Mohammadi | Bloomberg | Getty Images Iran’s Kharg Island, a small but strategically vital strip of land…
WASHINGTON — The United States plunged further into conflict with Iran on Tuesday as a new round of strikes heightened fears of an expanding war in the Middle East, sending markets reeling and oil prices soaring and drawing urgent calls from European leaders for a plan forward. President Trump acknowledged during an Oval Office appearance that the…
The defense establishment hopes to reduce missile fire sufficiently that Iran no longer succeeds at causing casualties, more similar to the Yemeni Houthis’ missiles. Although there was a spike in Iranian ballistic missile threat sirens on Saturday, sending millions of Israelis into their safe rooms and bomb shelters throughout the day, the IDF said that…
Despite ongoing U.S.-Israeli strikes against its launch capabilities and claims from Washington and Tel Aviv that its offensive capacity is being rapidly reduced, Iran was still firing missiles and dozens of drones at U.S. allies in the Persian Gulf on Friday. Sirens reportedly sounded in Kuwait City hours after the Iranian Army claimed to be…