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Some analysts attributed Tuesday's rally in the U.S. stock market to falling oil prices, which tend to ease inflationary worries and may, in turn, give the Federal Reserve a chance to resume cutting ...
Conflict in the Middle East often stokes fears of an energy crisis. The Arab-Israeli War of 1973 led to an oil embargo that caused calamitous shortages of gasoline in the United S ...
The contained move in oil prices during the Israel-Iran war highlights the increasing efficiency of energy markets and fundamental changes to global crude supply, suggesting that Middle East politics ...
Compare the stock market’s valuation today with where it stood in October 1973, when that year’s Arab oil embargo was ...
Oil also powers less of the US economy these days. In 1975, petroleum accounted for 47% of the energy consumed in the United ...
The U.S. strike on Iran's nuclear site raises fears of a new oil crisis. Here's how the S&P 500 reacted during past energy ...
Consider the numbers. Roughly 20% of the world’s daily oil supply – 20 million barrels accounting for nearly 30% of world oil trade – flows through the Strait of Hormuz, the narrow chokepoint ...
In 1973, the price of crude oil rose from below $3.00 per barrel to almost $12 per barrel. This quadrupling (+300%) of the crude oil price occurred as a result of the “Arab Oil Embargo.” We ...
Murmurs are already there in Washington and elsewhere, of a possible Arab oil embargo. The 1973 oil shock “has disturbing parallels today,” a Wall Street Journal op-ed warned in early October.
Israel's military offensive in Gaza following an Oct. 7 attack by the enclave's ruling Islamist group Hamas has raised calls in the Middle East, particularly from OPEC member Iran, for using oil ...