“We’ve burned through all of the buffers we had. Everything...”

Oil prices jumped more than 8% on Monday after U.S. President Donald Trump announced the United States would reinstate its blockade on Iran, forcing traders to once again price in…

Oil prices surged as Trump reinstated the Iranian ship blockade. Crude oil reaching a new all-time high by December 31 at 14.5% YES.

Crude oil futures climb as Trump reinstates a blockade on Iranian ports, significantly impacting shipping costs and market dynamics.

Oil prices climbed over 2% after U.S

By Myra P. Saefong and Nora Redmond