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Stock futures sink while oil spikes as the U.S. Navy looks to squeeze Iran’s economy and break its grip on the Strait of Hormuz

Stock futures sink while oil spikes as the U.S. Navy looks to squeeze Iran’s economy and break its grip on the Strait of Hormuz

“CENTCOM forces will not impede freedom of navigation for vessels transiting the Strait of Hormuz to and from non-Iranian ports.”

By Jason MaApril 12, 2026

A major U.S. gasoline production hub is in such a severe drought that its refineries may be hobbled. ‘We are actively praying for a hurricane’

A major U.S. gasoline production hub is in such a severe drought that its refineries may be hobbled. ‘We are actively praying for a hurricane’

By Michael Phillis and The Associated PressApril 12, 2026

Iran’s crumbling economy is the regime’s greatest weakness with prices up 40% since the war began while authorities worry about making payroll

Iran’s crumbling economy is the regime’s greatest weakness with prices up 40% since the war began while authorities worry about making payroll

By Jason MaApril 12, 2026

Here’s how a U.S. naval blockade of the Strait of Hormuz could work. ‘This is a big task, and it’s a big gamble’

Here’s how a U.S. naval blockade of the Strait of Hormuz could work. ‘This is a big task, and it’s a big gamble’

By Jason MaApril 12, 2026

Oil tankers U-turn in Hormuz as U.S.-Iran talks break down

Oil tankers U-turn in Hormuz as U.S.-Iran talks break down

By Weilun Soon and BloombergApril 12, 2026

Saudi Arabia says East-West pipeline restored to full capacity

Saudi Arabia says East-West pipeline restored to full capacity

By Clara Ferreira Marques and BloombergApril 12, 2026

Latest Stories

U.K. won’t take part in Trump’s planned blockade of Hormuz strait

Politics U.K. won’t take part in Trump’s planned blockade of Hormuz strait

By Alex Wickham and BloombergApril 12, 2026

Hungarian voters oust Viktor Orbán, a close ally of Trump and Putin, despite late campaign push from JD Vance

Europe Hungarian voters oust Viktor Orbán, a close ally of Trump and Putin, despite late campaign push from JD Vance

By Justin Spike, Sam McNeil and The Associated PressApril 12, 2026

Blazing hot IPOs, an AI agent craze, and a new word for ‘token’: Here’s what’s happening in the world of Chinese AI

Asia Blazing hot IPOs, an AI agent craze, and a new word for ‘token’: Here’s what’s happening in the world of Chinese AI

By Nicholas GordonApril 12, 2026

Intuit was an AI pioneer. Why its stock became a SaaSpocalypse casualty

Investing Intuit was an AI pioneer. Why its stock became a SaaSpocalypse casualty

By Geoff ColvinApril 12, 2026

Artemis III will practice docking Orion with lunar landers in Earth orbit next year while Musk’s Starship and Bezos’ Blue Moon compete for Artemis IV

Innovation Artemis III will practice docking Orion with lunar landers in Earth orbit next year while Musk’s Starship and Bezos’ Blue Moon compete for Artemis IV

By Marcia Dunn and The Associated PressApril 12, 2026

In 2011, Barack Obama said it was time to ‘pivot’ to Asia. But 15 years later, the U.S. is still at war in the Middle East

Asia In 2011, Barack Obama said it was time to ‘pivot’ to Asia. But 15 years later, the U.S. is still at war in the Middle East

By Didi Tang and The Associated PressApril 12, 2026

Trump says U.S. Navy to impose Hormuz blockade after Iran ceasefire talks end with no deal. ‘No one who pays an illegal toll will have safe passage’

Politics Trump says U.S. Navy to impose Hormuz blockade after Iran ceasefire talks end with no deal. ‘No one who pays an illegal toll will have safe passage’

By Munir Ahmed, Josh Boak, Sam Metz, Samy Magdy and The Associated PressApril 12, 2026

NEW YORK, NEW YORK - JULY 26: A view of Poppi drinks at #BFE (Big Flavor Energy) "poppi hour" at Azul On the Rooftop at Hotel Hugo on July 26, 2022 in New York City.

C-Suite This TikTok sensation sold her startup for $2 billion. Now Pepsi is letting ‘Poppi be Poppi’

By Eva RoytburgApril 12, 2026

More EnergyPage 6 of 100

Philippine President Marcos oversees fuel subsidy rollout for public transport in Metro Manila

Energy Philippine president declares state of emergency due to “imminent danger of a critically low energy supply”

By The Associated PressMarch 24, 2026

Current price of oil as of March 24, 2026

Personal Finance Current price of oil as of March 24, 2026

By Joseph HostetlerMarch 24, 2026

Kirby gestures

Energy Airlines are preparing for the worst as Iran war enters its fourth week. But demand is still strong, and travelers are willing to pay higher fares

By Jacqueline MunisMarch 24, 2026

Trump despises wind farms so much he’s paying a French energy giant $1 billion to stop building them and invest in natural gas instead

Energy Trump despises wind farms so much he’s paying a French energy giant $1 billion to stop building them and invest in natural gas instead

By Jordan BlumMarch 23, 2026

Putin is the real winner in Trump’s Iran war as it puts Russian oil back on the map

Middle East Putin is the real winner in Trump’s Iran war as it puts Russian oil back on the map

By Marco Quiroz-GutierrezMarch 23, 2026

Chevron’s CEO says oil prices are still too low—and the effects of the Strait of Hormuz closure are not ‘fully priced in’

Energy Chevron’s CEO says oil prices are still too low—and the effects of the Strait of Hormuz closure are not ‘fully priced in’

By Jordan BlumMarch 23, 2026

fatih birol

Energy The Iran oil crisis is the worst energy shock ever recorded. World leaders aren’t ready, says IEA chief

By Jake AngeloMarch 23, 2026

‘Capital is a coward’: A whole new world of elevated risk will stay embedded in global markets, keeping prices higher everywhere

Economy ‘Capital is a coward’: A whole new world of elevated risk will stay embedded in global markets, keeping prices higher everywhere

By Jason MaMarch 23, 2026

birol

Energy Iran War poses ‘major, major threat’ to global economy, energy chief says

By Charlotte Graham-McLay and The Associated PressMarch 23, 2026

Current price of oil as of March 23, 2026

Personal Finance Current price of oil as of March 23, 2026

By Joseph HostetlerMarch 23, 2026

Markets in meltdown after Trump threatens major escalation in the war against Iran

Energy Markets in meltdown after Trump threatens major escalation in the war against Iran

By Jim EdwardsMarch 23, 2026

The Iran war cripples Asia’s supplies of fertilizer and helium, threatening farms and chipmakers alike

Asia The Iran war cripples Asia’s supplies of fertilizer and helium, threatening farms and chipmakers alike

By Angelica AngMarch 23, 2026

Markets wait for Trump and Iran to follow through on Hormuz threats that carry potentially catastrophic results

Economy Markets wait for Trump and Iran to follow through on Hormuz threats that carry potentially catastrophic results

By Jason MaMarch 22, 2026

Natural gas prices in Texas plunge deep into negative territory and producers are burning it off, while the rest of the world braces for shortages

Energy Natural gas prices in Texas plunge deep into negative territory and producers are burning it off, while the rest of the world braces for shortages

By Jason MaMarch 22, 2026

Cuba begins to restore power after third nationwide collapse of the entire energy grid this month alone

Energy Cuba begins to restore power after third nationwide collapse of the entire energy grid this month alone

By Andrea Rodriguez and The Associated PressMarch 22, 2026

After Trump threatens to destroy Iranian power plants, Tehran warns the region’s vital infrastructure, like desalination facilities, will be targeted

Politics After Trump threatens to destroy Iranian power plants, Tehran warns the region’s vital infrastructure, like desalination facilities, will be targeted

By Alon Bernstein, Sam Metz, Samy Magdy and The Associated PressMarch 22, 2026

Donald Trump, standing behind a podium, frowns and points a finger upward.

Economy ‘Almost exactly offsetting the boost’: Higher gasoline prices this year could wipe out tax refunds from Trump’s One Big Beautiful Bill Act

By Sasha RogelbergMarch 22, 2026

Trump gives Iran 48 hours on Hormuz, threatens power plants

Politics Trump gives Iran 48 hours on Hormuz, threatens power plants

By Jennifer A. Dlouhy and BloombergMarch 21, 2026

U.S. allows sale of stranded Iran oil to cap fuel-price rises

Politics U.S. allows sale of stranded Iran oil to cap fuel-price rises

By Se Young Lee, Millie Munshi, Yongchang Chin and BloombergMarch 21, 2026

United Airlines plans for oil hitting $175 a barrel and staying above $100 next year as industry faces worst shock since COVID

Energy United Airlines plans for oil hitting $175 a barrel and staying above $100 next year as industry faces worst shock since COVID

By Jason MaMarch 21, 2026

Iran launches missiles at U.K.-U.S. base 2,500 miles away in the Indian Ocean, indicating Tehran has weapons with much longer range than once thought

Politics Iran launches missiles at U.K.-U.S. base 2,500 miles away in the Indian Ocean, indicating Tehran has weapons with much longer range than once thought

By Samy Magdy, Sam Mednick and The Associated PressMarch 21, 2026

Iran war cut off helium from Qatar, and shortages will start to bite in a few weeks, threatening chip supply chains that fuel the AI boom

Politics Iran war cut off helium from Qatar, and shortages will start to bite in a few weeks, threatening chip supply chains that fuel the AI boom

By Kelvin Chan and The Associated PressMarch 21, 2026

The U.S. is deploying 3 more amphibious assault ships and 2,500 additional Marines to the Mideast, joining more than 50,000 troops already there

Politics The U.S. is deploying 3 more amphibious assault ships and 2,500 additional Marines to the Mideast, joining more than 50,000 troops already there

By Jon Gambrell, Michelle L. Price, Julie Watson and The Associated PressMarch 21, 2026

powell

Commentary The Strait of Hormuz is the fourth large supply shock this decade. Welcome to the new era of global disorder

By Jon HilsenrathMarch 21, 2026

ILLUSTRATION - 17 February 2026, Bavaria, Munich: A beverage can with a soft drink and numerous sugar cubes lie on a table. Photo: Sven Hoppe/dpa (Photo by Sven Hoppe/picture alliance via Getty Images)

Energy Iran war is making the world a little less sweet as oil soars at the worst possible time for sugar

By Eva RoytburgMarch 21, 2026

US President Donald Trump, left, and Marco Rubio, US secretary of state, speak to members of the media on the South Lawn of the White House before boarding Marine One in Washington, DC, US, on Friday, March 20, 2026. US officials said the White House is sending more than 2,000 additional Marines to the Middle East as it weighs a plan to seize Iran's Kharg Island oil export hub, a ground operation that would carry huge risks for President Donald Trump.

Energy Three weeks into the Iran war that’s requested $200 billion, here’s what success for Trump might look like

By Jordan BlumMarch 21, 2026

How the Strait of Hormuz poses an existential threat to Asia’s economies

Asia How the Strait of Hormuz poses an existential threat to Asia’s economies

By Nicholas GordonMarch 21, 2026

It’s looking like Trump’s war created a private oil lane for China and other countries willing to play ball with Iran

Middle East It’s looking like Trump’s war created a private oil lane for China and other countries willing to play ball with Iran

By Jason MaMarch 20, 2026

A man holds a poster upside down that depicts Donald Trump as the devil.

Politics Iran threatens to attack tourist sites across the world as Israel and U.S. kill top leaders

By Jon Gambrell, Sam Mednick, David Rising and The Associated PressMarch 20, 2026

Current price of oil as of March 20, 2026

Personal Finance Current price of oil as of March 20, 2026

By Joseph HostetlerMarch 20, 2026

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'This is the last warning.' Iran threatens U.S. warships after they throw down the gauntlet for winner-take-all Strait of Hormuz

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By Fortune EditorsApril 11, 2026

'People are trying to be creative': Tariff-battered American companies are so cash-starved they are using refund claims as collateral for loans

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By Fortune EditorsApril 12, 2026

A 93-year-old refused to sell her home to the Masters golf course that’s spent $280 million on expansion: ‘Money ain’t everything’

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By Fortune EditorsApril 12, 2026

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