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Middle East

Current price of oil as of May 5, 2026
Current price of oil as of May 5, 2026

When oil prices change, it affects your energy costs—and even the price of everyday items. Here’s why.

By Joseph HostetlerMay 5, 2026
Current price of oil as of April 28, 2026
Current price of oil as of April 28, 2026
By Joseph HostetlerApril 28, 2026
Current price of oil as of April 21, 2026
Current price of oil as of April 21, 2026
By Joseph HostetlerApril 21, 2026
Current price of oil as of April 14, 2026
Current price of oil as of April 14, 2026
By Joseph HostetlerApril 14, 2026
Current price of oil as of April 7, 2026
Current price of oil as of April 7, 2026
By Joseph HostetlerApril 7, 2026
Current price of oil as of March 31, 2026
Current price of oil as of March 31, 2026
By Joseph HostetlerMarch 31, 2026
Latest Stories
lu
LawWas it a secret Chinese spy headquarters or a ping-pong parlor? New York Chinatown case goes to trial
By Michael R. Sisak and The Associated PressMay 6, 2026
UCLA
Law‘Highly qualified White, Asian, and other students were denied admission’: DOJ accuses UCLA of discrimination
By Heather Hollingsworth, Nick Lichtenberg, Collin Binkley and The Associated PressMay 6, 2026
turner
LawBefore Mark Cuban and Jerry Jones, there was Ted Turner, the larger-than-life billionaire owner who changed sports
By R.J. Rico, Tim Reynolds and The Associated PressMay 6, 2026
turner
PoliticsUnderstanding the legacy of Ted Turner and the creation of the 24-hour news cycle: ‘there is no hyperbole here’
By Jocelyn Noveck, Wyatte Grantham-Philips and The Associated PressMay 6, 2026
turner
PoliticsHe was ‘The Mouth of the South’ and ‘Captain Outrageous,’ but Ted Turner said ‘If only I had a little humility, I’d be perfect’
By David Bauder and The Associated PressMay 6, 2026
A boat in the strait of hormuz.
EnergyCargo ship crews face attacks waiting the Gulf as Trump pauses two-day-old project to ‘guide’ ships
By Mae Anderson, David McHugh and The Associated PressMay 6, 2026
high gas prices on display, $6.79 per gallon
EconomyIran War is hitting low-income Americans the hardest at the gas pump, New York Fed says
By Christopher Rugaber and The Associated PressMay 6, 2026
Vornado CEO Steven Roth ‘shocked that our young mayor would pull this stunt’ and says Zohran Mamdani should know better than to target Ken Griffin
Real EstateVornado CEO Steven Roth ‘shocked that our young mayor would pull this stunt’ and says Zohran Mamdani should know better than to target Ken Griffin
By Catherina GioinoMay 6, 2026
More Middle EastPage 4 of 13
A plume of smoke rises from the port of Jebel Ali following a reported Iranian strike in Dubai on March 1, 2026.
Middle EastIran’s attacks on Amazon data centers in UAE, Bahrain signal a new kind of war as AI plays an increasingly strategic role, analysts say
By Jeremy KahnMarch 9, 2026
Photo of Donald Trump
EnergyTrump promised to fill America’s oil reserves ‘right to the top.’ A year later, oil has exceeded $100 and they’re still less than 60% full
By Tristan BoveMarch 9, 2026
mission accomplished
Middle EastInvestors priced in a 6-week Iraq War, but it lasted 8 years and cost $3 trillion. They’re doing it again
By Nick LichtenbergMarch 9, 2026
Odds of a stock market meltdown with 1970s-style stagflation jump to 35% this year, veteran strategist warns
EconomyOdds of a stock market meltdown with 1970s-style stagflation jump to 35% this year, veteran strategist warns
By Jason MaMarch 9, 2026
Oil over $100, markets in free fall, and Iran’s new supreme leader is Trump’s ‘worst case’ scenario
EnergyOil over $100, markets in free fall, and Iran’s new supreme leader is Trump’s ‘worst case’ scenario
By Jim EdwardsMarch 9, 2026
US President Donald Trump salutes during a dignified transfer at Dover Air Force Base in Dover, Delaware, US, on Saturday, March 7, 2026.
EconomyWhen it comes to the war in Iran don’t go betting on the TACO trade, says top J.P. Morgan investment strategist
By Eleanor PringleMarch 9, 2026
Oil prices soar past $110 while Dow futures sink 1,000 points as Iran war spirals into worst-case fears and U.S. eyes Special Forces mission
EconomyOil prices soar past $110 while Dow futures sink 1,000 points as Iran war spirals into worst-case fears and U.S. eyes Special Forces mission
By Jason MaMarch 8, 2026
Photo of burning gas flares at a refinery
Energy‘Nightmare scenario’ looms as global markets head for the biggest oil output disruption in history, top energy guru warns
By Jason MaMarch 8, 2026
Fortune Archives: Iran’s heartbreakingly brief startup spring
NewslettersFortune Archives: Iran’s heartbreakingly brief startup spring
By Indrani SenMarch 8, 2026
Forget the U.S. Navy. The best protection for ships traveling through the Strait of Hormuz may be claiming to be a ‘Chinese’ or ‘Muslim’ vessel
EnergyForget the U.S. Navy. The best protection for ships traveling through the Strait of Hormuz may be claiming to be a ‘Chinese’ or ‘Muslim’ vessel
By Jason MaMarch 7, 2026
An explosion in Tehran.
EnergyOil and gas shutdowns in Iraq and Kuwait widen the Iran war’s impact on energy prices, while the U.S. lines up insurance and naval escorts in response
By Jordan BlumMarch 7, 2026
Saad Sherida al-Kaabi, Qatar's Energy Minister
EnergyIran conflict could ‘bring down the economies of the world,’ warns one of the Middle East’s biggest energy exporters
By Tristan BoveMarch 6, 2026
iran
CommentaryBypassing Hormuz: how technology, not territory, will win the new energy war
By Siddharth MisraMarch 6, 2026
Photo: US President Donald Trump during an event with Inter Miami CF in the East Room of the White House in Washington, DC, US, on Thursday, March 5, 2026. Inter Miami CF is visiting the White House to celebrate their 2025 championship win.
PoliticsIran is turning out to be a more effective enemy than many thought, and U.S. allies are losing their patience with the war
By Jim EdwardsMarch 6, 2026
The President is surprised by the lack of European support for military action against Iran—he shouldn’t be
EuropeThe President is surprised by the lack of European support for military action against Iran—he shouldn’t be
By Kamal AhmedMarch 6, 2026
hegseth
Middle EastPete Hegseth called it ‘quiet death’—the first time a U.S. sub fired a torpedo and hit an enemy ship since the 1940s
By James Dwyer and The ConversationMarch 6, 2026
An older and younger man embrace at an airport.
Middle East23,000 canceled flights and debris raining on Dubai hotels: The Iran war is jeopardizing the $12 trillion global travel industry
By Sasha RogelbergMarch 6, 2026
Paul Krugman speaking while seated on stage.
Middle EastThe Iran conflict will be the ’straw that breaks the camel’s back’ for the U.S. economy if it goes on much longer, Nobel laureate Paul Krugman warns
By Tristan BoveMarch 6, 2026
Photo: Volunteers stand amid the debris of destroyed buildings at the site of an Israeli airstrike in the southern Lebanese city of Nabatieh on March 5, 2026. Israel launched on March 5 a fresh wave of strikes on Iran, which stepped up its attacks on Gulf nations Qatar and Bahrain, as the Middle East war spread throughout the region and beyond. (Photo by Mouhammad al-ZANATY / AFP)
PoliticsIn the Iran war, it’s not the oil that’s important—it’s the water
By Jim EdwardsMarch 5, 2026
A family sits against the backdrop of a dockyard off coast city of Fujairah, in the Strait of Hormuz in the northern Emirate on February 25, 2026. (Photo by Giuseppe CACACE / AFP via Getty Images)
EnergyTrump pledged the ‘free flow of energy’ from the Middle East, and he has a week to show progress before prices really spike again
By Jordan BlumMarch 5, 2026
President Donald Trump gesturing during his State of the Union address
Middle EastDespite a $200 billion price tag, Trump admits the Iran war could just swap one bad leader for another
By Tristan BoveMarch 4, 2026
mossadegh
CommentaryOne key difference on America and Iran, then and now: the CIA had a plan for what would happen in 1953
By Gregory F. Treverton and The ConversationMarch 4, 2026
Wilbur Ross, former US commerce secretary.
Middle EastThe U.S. has shown China and Russia ‘who really is a military power,’ says Trump’s ex–commerce secretary. Don’t expect them to get involved in Iran
By Eleanor PringleMarch 4, 2026
A view of the liquefied natural gas (LNG) production facility in Qatar's Ras Laffan Industrial City. Photo: Stringer/dpa (Photo by Stringer/picture alliance via Getty Images)
EnergyU.S. oil and gas exporters can’t fill the Middle East supply gap, but Trump’s pledge to insure and protect tankers stems the tide on surging prices
By Jordan BlumMarch 3, 2026
Trump’s strike on Iran and the new breed of AI wars mean bombs can drop faster than the speed of thought
AITrump’s strike on Iran and the new breed of AI wars mean bombs can drop faster than the speed of thought
By Jake AngeloMarch 3, 2026
Economist Mohamed El-Erian
EconomyTop economist Mohamed El-Erian warns of stagflation gripping the entire world economy the longer the Iran war goes on
By Tristan BoveMarch 3, 2026
Why the stock market thinks the Iran war will last 4 weeks, according to Goldman’s head of oil research
EnergyWhy the stock market thinks the Iran war will last 4 weeks, according to Goldman’s head of oil research
By Nick LichtenbergMarch 3, 2026
Photo of Jamie Dimon
EconomyJamie Dimon has a feeling inflation will be the ‘skunk at the party’—and the Iran conflict may already be enough to scare off the Fed for good
By Eleanor PringleMarch 3, 2026
The Strait of Hormuz is a critical choke point for global energy markets, but there are ways to get around it
EnergyThe Strait of Hormuz is a critical choke point for global energy markets, but there are ways to get around it
By Jason MaMarch 2, 2026
trump
Middle EastTrump’s strikes on Iran could cost American economy as much as $210 billion, top budget expert says
By Nick LichtenbergMarch 2, 2026
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