Oil prices fall despite Hesgeth's promise of even bigger strikes on Iran
NBC News
A drop in oil prices slowed after Defense Secretary Pete Hegseth warned the day would be America's "most intense day of strikes inside Iran."
A sharp drop in oil prices continued Tuesday morning, even after Defense Secretary Pete Hegseth said the day would see America’s “most intense day of strikes inside Iran."
U.S. crude oil fell more than 11% to as low as $83.01 per barrel. International Brent crude also dropped 10% to as low as $87.30.
Still, U.S. crude oil prices are up more than 23% since the start of the war.
Meanwhile, stocks rose. The S&P 500 jumped 0.3% in early trading, while the Nasdaq Composite was traded higher by 0.6% and the Dow Jones Industrial Average popped 200 points.
On Tuesday morning, Abu Dhabi said that authorities were dealing with a fire that broke out at its Ruwais Industrial Complex, "caused by a drone strike." Ruwais is the location of one of the largest refineries in the United Arab Emirates, and can process more than 900,000 barrels of oil per day. It is now reportedly halted.
Americans are poised to receive bigger refunds when they file their taxes this year than they did in 2025, due to changes in the tax code
The ongoing war in Iran is disrupting fertilizer shipments through the Strait of Hormuz, raising farmers' costs and pushing food prices higher.
The U.S. economy, hobbled by last fall’s 43-day government shutdown, advanced at a sluggish 0.7% annual rate from October through December, the Commerce Department reported Friday in a big downgrade of its initial estimate
The price of oil jumped more than 7%, as the war on Iran was "creating the largest supply disruption in the history of the global oil market."
An Iran-linked hacker group has claimed responsibility for a cyberattack on a medical tech company in what appears to be the first significant instance of Iran’s hacking an American company since the start of the war between the countries
The Consumer Price Index for the month of February is expected to show that prices rose only slightly right before the Iran war sent energy costs skyrocketing.
A federal judge ordered Live Nation to engage in settlement talks with a group of state attorneys general who accuse the live entertainment behemoth of illegally dominating the industry.
An Ohio federal judge on Monday said she's obligated to "avoid absurdity" and ruled that Kalshi's prediction markets in sports amount to acts of gambling — which should come under state regulations
A drop in oil prices slowed after Defense Secretary Pete Hegseth warned the day would be America's "most intense day of strikes inside Iran."
Uber launched a feature Monday to allow both women riders and drivers across the U.S. to be matched with other women for trips, expanding a pilot program aimed at addressing concerns about the safety of its ride-hailing platform.
The price of oil surged Monday, as the effects of the Iran war hit markets worldwide and stoke fresh worries about inflation.
Live Nation settles antitrust case with Justice Department for $200 million; Ticketmaster avoids breakup
Oil continued its recent surge Sunday, hitting $100 per barrel for the first time since July 2022 as the ripple effects from the U.S. war on Iran continued to hit global markets.