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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 7 of 100

Photo: A-10 Thunderbolt Warthog.

Banking As the U.S. gears up for a potential ground war in Iran, $100-plus oil threatens ‘demand destruction’ — starting in Asia

By Jim EdwardsMarch 20, 2026

Stephan Winkelmann looks forward. He is wearing a suit.

Energy Lamborghini CEO says ‘disappointing’ EV charging infrastructure contributed to no demand for the luxury automaker’s all-electric line

By Sasha RogelbergMarch 20, 2026

pete hegseth

Economy The Pentagon reportedly requested an extra $200 billion for the Iran war. It might fund the U.S. military for just 140 more days

By Jake AngeloMarch 19, 2026

jones

Energy Meet the Jones Act, the law that has made gas more expensive for Americans for decades

By Christopher Niezrecki and The ConversationMarch 19, 2026

Bitcoin struggles to hold $70,000 as oil surge jolts risk assets

Crypto Bitcoin struggles to hold $70,000 as oil surge jolts risk assets

By Emily Nicolle, Melos Ambaye and BloombergMarch 19, 2026

europe

Europe Europe tells Trump to get lost on Iran, again

By Sam McNeil, Lorne Cook and The Associated PressMarch 19, 2026

trader

Politics Oil approaches $115 per barrel as market realizes higher for longer is very possible

By Elaine Kurtenbach, David McHugh and The Associated PressMarch 19, 2026

Current price of oil as of March 19, 2026

Personal Finance Current price of oil as of March 19, 2026

By Joseph HostetlerMarch 19, 2026

Trump frowns

Economy White House suspends the Jones Act for 60 days. Analysts see a gas price impact of 3 cents

By Wyatte Grantham-Philips and The Associated PressMarch 18, 2026

Smoke and flames rise from an energy installation in the Gulf emirate of Fujairah on March 14, 2026. Smoke could be seen rising from the direction of a major UAE energy installation on March 14, in what appeared to be the latest strike targeting the Gulf's petroleum facilities hours after the US struck Iran's Kharg Island. (Photo by AFP via Getty Images) /

Energy It’s almost inexplicable why oil prices aren’t much higher. But here’s why markets are ‘resilient’ so far despite the biggest energy supply shock ever

By Jordan BlumMarch 18, 2026

Brooke Rollins stands in front of a line of men wearing black cowboy hats.

Energy Meet a third-generation Tennessee farmer paying an extra $100k for fertilizer because of the Iran War

By Jack Dura and The Associated PressMarch 18, 2026

man speaks in front of camera

Crypto XRP leapfrogs BNB to take fourth most valuable crypto spot

By Carlos GarciaMarch 18, 2026

oil

Economy Stocks sink as market digests $110-per-barrel oil

By Stan Choe and The Associated PressMarch 18, 2026

Chris Wright, US energy secretary sitting next to US President Donald Trump

Energy Trump officials say gas prices will return to normal in ‘a few more weeks,’ but his own Energy Department says it will be 2027

By Tristan BoveMarch 18, 2026

power grids at dusk

Energy ‘A bend in the trajectory’: U.S. data center development has hit snags because the power grid is approaching its limits to support them

By Jacqueline MunisMarch 18, 2026

Traders work on the floor of the New York Stock Exchange during morning trading on March 18, 2026 in New York City.

Energy Oil prices hit nearly $110 as Iran vows to escalate the war in ‘new ways’

By Eva RoytburgMarch 18, 2026

A sign displays the price of diesel fuel, which is at $5.99 at a Maverick gas station

Energy ‘I just want all of it to end’: U.S. gas prices reach highest level since 2023 with no end for the Iran War in sight

By Wyatte Grantham-Philips and The Associated PressMarch 18, 2026

Trump flipping his jacket up against a green backgroun

Energy Trump said the U.S. would “run” Venezuela and sell its oil. Now it’s starting to happen

By The Associated Press, Fatima Hussein and Regina Garcia CanoMarch 18, 2026

A technician in Germany works on a battery system for a Volkswagen electric vehicle.

Economy The world’s EVs were already replacing 70% of Iran’s oil exports. The war just made that matter

By Tristan BoveMarch 18, 2026

Current price of oil as of March 18, 2026

Personal Finance Current price of oil as of March 18, 2026

By Joseph HostetlerMarch 18, 2026

Customer Jann Gregg of Schenectady pumps gas at the GasWay Xpress Mart at 1120 Erie Blvd. pump gas on Wednesday, Dec. 3, 2025, in Schenectady, N.Y.

Economy Economists are ‘loath’ to call a recession, but the odds just hit 49% for the next 12 months according to Moody’s top economist

By Eleanor PringleMarch 18, 2026

PHOTO: DONALD TRUMP

Big Tech As Trump rages against his allies, Republicans are asking what the plan is to end the chaos in Iran

By Jim EdwardsMarch 18, 2026

Current price of oil as of March 17, 2026

Personal Finance Current price of oil as of March 17, 2026

By Joseph HostetlerMarch 17, 2026

constantine

Commentary The next energy superpower will make its own fuel

By Gregory ConstantineMarch 17, 2026

Jeremy Siegel, the Russell E. Palmer Professor of Finance at the Wharton School, speaks during the Wharton Global Alumni Forum in Madrid, Spain, on Thursday, June 24, 2010.

Economy A market correction of 10% could be on the cards as consumer psychology shifts due to gas prices, says top economist

By Eleanor PringleMarch 17, 2026

Photo: President Trump.

Economy Backchannel talks between U.S. and Iran offer Trump an off-ramp—if he wants it

By Jim EdwardsMarch 17, 2026

Photo of Ray Dalio

Middle East Ray Dalio warns a brutal ‘final battle’ for the Strait of Hormuz is coming—and losing could end the American empire

By Eva RoytburgMarch 17, 2026

josh macey

Commentary Your electricity bill keeps rising. Here’s what’s actually causing it—and how to fix it

By Josh MaceyMarch 17, 2026

Trump suggests postponing his key meeting with Xi Jinping by ‘a month or so,’ as Iran overtakes China on the U.S.’s agenda

Politics Trump suggests postponing his key meeting with Xi Jinping by ‘a month or so,’ as Iran overtakes China on the U.S.’s agenda

By Angelica AngMarch 17, 2026

Smoke rises from the direction of an energy installation in the Gulf emirate of Fujairah on March 14, 2026. Smoke could be seen rising from the direction of a major UAE energy installation on March 14, in what appeared to be the latest strike targeting the Gulf's petroleum facilities hours after the US struck Iran's Kharg Island.

Energy Venezuela has the world’s largest proven oil reserves, but it can’t solve for the Strait of Hormuz ‘math problem’

By Jordan BlumMarch 17, 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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