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Oil Prices Drop Sharply

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general

U.S. Gas Prices Rise to $4 a Gallon Amid Renewed U.S.-Iran Attacks

Gas prices in the United States have climbed back to an average of $4 per gallon as tensions escalate with new attacks between the U.S. and Iran.

Jul 20, 2026, 2:50 PM ABC Top Stories

Stories Related To Oil Prices Drop Sharply

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world

Since Islamabad MoU: Escalation in US-Iran Conflict Shakes Gulf Region

The unraveling of the June 17 Islamabad memorandum of understanding has led to intensified hostilities between the US and Iran, closure of the Strait of Hormuz, and regional economic and political repercussions.

Al Jazeera | Jul 20, 2026, 2:31 PM

world

US Conducts Ninth Consecutive Day of Strikes on Iran Amid Rising Tensions in Strait of Hormuz

The United States launched new strikes in Iran on Monday, July 20th, as attacks on ships in the strategic Strait of Hormuz intensified and US military casualties rose to three.

France 24 English | Jul 20, 2026, 11:12 AM

world

Oil Prices Retreat After Iran Signals Potential U.S. Negotiations

Oil prices fell from recent highs following Iran's announcement that talks with the U.S. could resume based on national interests.

CNA Latest News | Jul 20, 2026, 10:17 AM

politics

US Energy Secretary Vows to Maintain Strait of Hormuz Traffic Amid Renewed Iran Conflict

Energy Secretary Chris Wright affirms U.S. commitment to keep oil and gas flowing through the Strait of Hormuz despite resumed hostilities with Iran, while seeking diplomatic solutions.

The Hill | Jul 19, 2026, 11:09 PM

US Mission in Iran War Shifts Focus to Securing Oil Flow Through Strait of Hormuz

Trump administration official defends prolonged conflict amid rising troop deaths and criticism, while US launches retaliatory strikes against Iran’s Revolutionary Guards.

Guardian US | Jul 19, 2026, 7:17 PM

politics

Two US Soldiers Killed in Jordan Following Iranian Attack; Trump Promises Shift in Response

Two American service members were killed and a third is missing after an Iranian strike on a US base in Jordan, prompting US airstrikes on Iran and comments from President Trump and Defense Secretary Pete Hegseth.

The Hill | Jul 19, 2026, 9:55 AM

business

China's Role as Swing Importer Helps Stabilize Oil Prices Amid Strait of Hormuz Disruption

China's ability to adjust its oil imports has mitigated the impact of supply disruptions caused by tensions in the Strait of Hormuz, preventing a sharp spike in crude oil prices.

Nikkei Asia | Jul 19, 2026, 5:28 AM

world

Russians Increasingly Use Cash Amid Economic Strain and Tax Hikes

Rising cash withdrawals and tax evasion tactics reflect growing economic challenges in Russia as the war with Ukraine continues.

BBC World | Jul 19, 2026, 3:39 AM

world

World Cup Final Tickets Reach Nearly $2.3 Million on FIFA Resale Platform

Last-minute tickets for the 2026 World Cup final at New York New Jersey Stadium have surged to record resale prices, surpassing even the 2024 Super Bowl.

Al Jazeera | Jul 18, 2026, 11:32 PM

politics

US Expands Strikes on Iran Amid Rising Tensions; Trump Faces Criticism Over Election Claims

The US military targets Iranian infrastructure as Iran retaliates, while President Trump renews 2020 election fraud allegations, drawing criticism and official rebuttals.

The Hill | Jul 18, 2026, 1:46 PM

world

Iran Accuses US of Bombing Civilian Infrastructure Amid Renewed Airstrikes

Iran blames the United States for targeting bridges, a train station, and an airport in recent airstrikes following the collapse of peace talks.

Africanews | Jul 18, 2026, 7:22 AM

world

Iran Renewed Attacks on Gulf States Following Continued US Strikes

Tensions escalate as Iran and the US target military sites and shipping traffic in the Gulf, raising fears of all-out conflict.

CNA Latest News | Jul 18, 2026, 5:43 AM

business

U.S. Tech Stocks Drop After Chinese Startup Unveils Competitive AI Model

Chinese AI startup Moonshot AI introduces Kimi K3, a low-cost model challenging U.S. dominance in artificial intelligence, triggering a sell-off in major American tech stocks.

Nikkei Asia | Jul 18, 2026, 4:40 AM

world

Ukraine Faces Leadership Changes Amid Ongoing Conflict and Global Tensions

Defence Minister Mykhailo Fedorov is ousted amid wartime protests, while President Zelensky reshuffles government during critical military operations. Meanwhile, global oil tensions persist following a contested Memorandum of Understanding.

France 24 English | Jul 18, 2026, 1:15 AM

Trump Media to Sell Priority Access to Truth Social Posts, Drawing Criticism

Donald Trump’s media company plans to charge Wall Street firms for expedited access to posts on Truth Social, raising concerns about conflicts of interest and market impact.

Guardian US | Jul 17, 2026, 1:56 AM

world

Monitoring the Strait of Hormuz Amid Escalating US-Iran Conflict

As Iran and the United States continue to exchange fire over the strategic Strait of Hormuz, multiple surveillance methods are employed to track activity in the region.

Africanews | Jul 16, 2026, 5:30 PM

politics

U.S. Strategic Petroleum Reserve Hits 40-Year Low Amid Political Releases

The Strategic Petroleum Reserve has fallen to its lowest level since 1983 after multiple releases authorized by recent administrations to influence oil prices.

Reason | Jul 16, 2026, 4:13 PM

Harold Hamm’s Role in US-Israel Relations and Iran War Risks Under Trump Examined

Fracking billionaire Harold Hamm, known as Donald Trump’s “original oil guy,” influenced US energy policy and US-Israel ties while downplaying the risks of conflict with Iran.

Guardian US | Jul 16, 2026, 2:06 PM

world

Hong Kong’s Short-Haul Tourist Arrivals Drop 15% Amid Strong Dollar and Flight Cuts

Despite a 7% overall increase in visitors in June 2026, Hong Kong saw a significant decline in short-haul tourist arrivals due to higher fuel costs and weaker regional currencies.

South China Morning Post World | Jul 16, 2026, 10:22 AM

world

Senate Questions Todd Blanche’s Loyalty to Trump During DOJ Confirmation Hearing

Interim Attorney General Todd Blanche faces intense scrutiny over his allegiance to former President Donald Trump and the independence of the Department of Justice.

Al Jazeera | Jul 15, 2026, 5:44 PM

world

Stocks Rise Following Soft US Inflation Data Amid Ongoing Middle East Tensions

Global equities climbed after weaker-than-expected US inflation figures and strong corporate earnings, despite escalating US-Iran hostilities.

CNA Latest News | Jul 15, 2026, 4:25 PM

politics

Fed Chairman Kevin Warsh Vows No Tolerance for Elevated Inflation Amid Cooling June CPI

New Federal Reserve Chairman Kevin Warsh testified before Congress pledging commitment to price stability as recent data shows easing inflation, while Fed Governor Christopher Waller warns inflation risks remain. Meanwhile, President Trump signals intensified strikes on Iran.

Reason | Jul 15, 2026, 2:41 PM

world

Investors Flee Indonesia Amid Concerns Over Fiscal Strain and Spending Plans

Indonesia's economic growth ambitions and rising fiscal pressures have unsettled investors, leading to significant capital outflows and market declines.

Deutsche Welle | Jul 15, 2026, 11:58 AM