The US has allowed the sale of Iranian oil and petrochemical products that have been loaded onto tankers, its latest effort to counter rising oil prices due to the Middle East war.
An oil tanker. Photographer: Marcelo del Pozo/Bloomberg
The US has allowed the sale of Iranian oil and petrochemical products that have been loaded onto tankers, its latest effort to counter rising oil prices due to the Middle East war.
An oil tanker. Photographer: Marcelo del Pozo/Bloomberg
Oil fell, erasing earlier gains, after President Donald Trump said he had been assured that Iran would stop killing protesters, in a signal he could hold off on a threatened military response to the repression of widespread demonstrations in the nation.
A pump jack near Imperial, Texas, US, on Sunday, Aug. 24, 2025. The problem of too much wastewater is spreading across America’s biggest oil field, posing a pressing threat to a basin that has grown into a cornerstone of global markets and is critical to President Donald Trump’s push for energy dominance. Photographer: Mark Felix/Bloomberg
Electricity demand is on course to explode, which could bring with it a surge in volatility.
Meta Platforms Inc. signage during the Meta Connect event in Menlo Park, California, US, on Wednesday, Sept. 17, 2025. Meta Platforms Inc., seeking to turn its smart glasses lineup into a must-have product, on Wednesday unveiled its first version with a built-in screen. Photographer: Bloomberg/Bloomberg
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