Oil Spiked to $107 on the Tanker Then Fell on Trump's Exit Promise
WTI futures spiked nearly 4% toward $107 after Iran struck a tanker off Dubai, then pared gains on exit signals.
Dara Osei
Bureau: London
Iran Charges Up to $2 Million Per Ship for Hormuz Passage
Iran has begun collecting ad hoc transit fees of up to $2 million per voyage on commercial vessels passing through the Strait of Hormuz.
The UN Warned of Record Climate Imbalance
The WMO's State of the Global Climate 2025 report found Earth's energy imbalance at its highest level in recorded history.