Oil Closes at a Four-Year High as Iran Rebuffs Direct Talks with Washington
WTI touched $100 and Brent hit $112 on Friday as Iran rejected direct U.S. negotiations, with Trump's April 6 deadline now the next flashpoint for energy markets.
WTI touched $100 and Brent hit $112 on Friday as Iran rejected direct U.S. negotiations, with Trump's April 6 deadline now the next flashpoint for energy markets.
The Strait of Hormuz carries roughly 20% of the world's seaborne oil. When it closes, even partially, the consequences ripple through every fuel price on earth. Here's what's happening and what it means.
OPEC+ is the most powerful production cartel in the world. Here's how it works, who's in it, why it matters, and where its limits are.