Economy

Global Diesel Shortage Could Last Into 2027 as Inventories Fall

A global shortage of diesel is showing signs of lasting well into 2027 as wars, disrupted supply routes and depleted inventories continue to tighten...

10-Year Treasury Yield Touches 5% as Oil Nears $110 Before Fed Decision

The benchmark 10-year Treasury yield briefly touched 5% on Monday for the first time since 2023 and Brent crude climbed above $109 a barrel,...

Trump Demands Ukraine Halt Russian Refinery Strikes as Diesel Hits Record High

President Trump called on Ukrainian President Volodymyr Zelensky to halt strikes on Russian diesel refineries Sunday, blaming Kyiv's campaign...

Strait of Hormuz Shipping Collapses to Single Digits as Red Sea Route Rebounds

Vessel traffic through the Strait of Hormuz has fallen to just seven ships a day, a small fraction of...

Stocks Snap Four-Day Slide as Oil Retreats Despite Hot Inflation Data

US stocks rallied sharply Friday, snapping a four-day losing streak as oil prices pulled back from their weekly highs,...

Oil Surges Past $105 as Saudi Production Falls to 36-Year Low

Global oil prices surged to their highest levels since May on Thursday, with Brent crude topping $107 a barrel...

Two Wars Are Causing a Global Shortage of Fuel for Ships

The wars in Iran and Ukraine have combined to create a growing shortage of the fuel oil used to...

Strait of Hormuz Traffic Falls to Lowest Since May After Tanker Strikes

Shipping traffic through the Strait of Hormuz has fallen to an average of just 10 commodity vessels per day,...