Oil is trading higher amid the ongoing conflict in the Middle East after the U.S. and Iran exchanged blows and a tanker passing through the Strait of Hormuz was struck by three unknown projectiles. The escalation raises the risk of further disruptions to oil flows, potentially putting additional upward pressure on crude prices.

Mike Pompeo Wants Trump to Cut Off China’s Iranian Oil Lifeline Before Xi Jinping’s Washington Visit: ‘They Have Picked the Losing Horse’

Ahead of Xi Jinping's US visit, Mike Pompeo urges Washington to block China's Iranian oil buys, warning Beijing they backed the wrong horse.

Trump Promised Cheaper Gas. Now His Team Blames Ukraine—and Paul Krugman Says They Have 'No Cards' Left to Stop It

Paul Krugman says Trump has "no cards" left to stop Ukraine's refinery strikes after Treasury blames Kyiv for surging U.S. gas prices.

Worst US-Iran Escalation Since July Puts Oil, Defense ETFs in Focus as Hormuz Risk Sends Crude Higher

The worst U.S.-Iran escalation since July is pushing oil higher and putting energy and defense ETFs in focus as Strait of Hormuz disruption risks mount.

Don't Short the Bond Rout, Expert Sees a Better Trade

Global bond yields surge as U.S., U.K., and Japan reach multi-year highs. Robin Brooks breaks down the structural sell-off.

U.S. Baker Hughes Oil Rig Count +2 To 449 Vs 447 Prior.; U.S. Baker Hughes NatGas Rig Count -2 To 130; U.S. Baker Hughes Total Rig Count 588 Vs 588 Prior

President Trump Posts On Truth Social "... Hundreds of Billions of Dollars was given to Ukraine and NATO, free of charge, that Europe would have paid for — If they were only asked, but we will be asking for that money, though somewhat belatedly!"