Tag: Oil Prices

Oil Could Hit $150 if Hormuz Disruption Lasts, and New Jersey Would Feel It Fast

The energy shock tied to the Iran war could still get significantly worse. Reuters reported that J.P. Morgan warned oil could rise to $120...

Oil Prices React to Rising Tensions in Iran Conflict

Global Oil Markets React to Escalating Iran Conflict Global oil markets reacted to escalating tensions involving Iran, with prices showing volatility amid concerns over possible...

Explosion, fire at Valero refinery in Port Arthur prompts shelter-in-place; no injuries reported

PORT ARTHUR, Texas — A large explosion and fire at Valero’s refinery in Port Arthur sent thick black smoke over the city and triggered...

Energy Crisis Deepens as Strait of Hormuz Disruptions Impact Global Markets

Shipping traffic drops sharply as Iran tightens control over key oil route What We Know Right NowStrait of Hormuz traffic has dropped dramaticallyOil prices are...

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