oil

Iran conflict raises oil prices, residents told to expect higher electricity bills in coming months

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Iran conflict raises oil prices, residents told to expect higher electricity bills in coming months

HONOLULU (HawaiiNewsNow) – Hawaii’s electricity customers should brace for possible increases in energy costs in the coming months, driven by rising global oil prices linked to rising political tensions, including the ongoing conflict involving Iran. As an island nation that relies heavily on imported fuel for power generation and transportation, Hawaii is very sensitive to … Read more

Here’s what could make Iran’s oil war an “economic disaster” – The Nation | Globalnews.ca

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Here's what could make Iran's oil war an "economic disaster" - The Nation | Globalnews.ca

Americans woke up to higher gas prices on Tuesday, and some experts warned that the global oil crisis could worsen as Yemen’s Houthi rebels join the war against Iran. On Tuesday morning, the average price of gas in the US was US $ 4.018 per gallon, according to AAA, which tracks gas prices nationwide. According … Read more

Markets cheer as Trump threatens to abandon Strait of Hormuz, leaving oil market in turmoil | Good luck

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Markets cheer as Trump threatens to abandon Strait of Hormuz, leaving oil market in turmoil | Good luck

The stock market plunged on Monday morning after the White House announced that it might not be America’s job to reopen the Strait of Hormuz. The S&P 500 rose more than 1.5%, while the Nasdaq rose nearly 2%. In one night, a Wall Street Journal the report indicated that President Trump would be ready to … Read more