Oil prices drop more than 5% as U.S. calls for international effort to secure Strait of Hormuz
Oil futures finished sharply lower Monday, with U.S. prices down by more than 5%, as traders continued to weigh developments in the Iran conflict.
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Sable Offshore Resumes Oil Transport After Emergency Order
Sable Offshore resumed the transportation of oil through the Santa Ynez pipeline system off the California coast, following a Defense Production Act emergency directive from the Trump administration.
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Energy & Utilities Roundup: Market Talk
Find insight on crude oil futures, European energy stocks and more in the latest Market Talks covering Energy and Utilities.
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Oil Industry Warns Trump Administration That Fuel Crunch Will Likely Worsen
Oil executives told officials in White House meetings that the closure of the Strait of Hormuz might push up oil prices further.
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White House Tries to Build Coalition on Iran to Address Energy Crisis
The Trump administration is asking other countries to help escort ships through the Strait of Hormuz, but a deal isn't set.
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Why Trump's Move to Lower Oil Prices Fell Flat
It will take time for the largest-ever release from global stockpiles to work its way into the oil market.
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Oil Prices Hover Near $100. India Asks Iran to Allow 23 Tankers Through Strait of Hormuz.
The U.S. has temporarily lifted sanctions on Russian oil already at sea, through April 11, in a bid to boost the reach of existing oil supply.
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The Electric Grid Needs Huge Upgrades. No One Knows Who Will Pay for Them.
Utilities around the U.S. are set to spend tens of billions of dollars on high-voltage lines, largely to meet demand from data centers.
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TotalEnergies Shutting Production in Qatar, Iraq Amid Fighting in Middle East
The French energy company said production has stopped or is in the process of shutting down in Qatar, Iraq and the United Arab Emirates offshore, representing about 15% of the company's total output.
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U.N. Body Fights for Relevance as It Struggles to Devise a Deep Sea Mining Code
The International Seabed Authority for years has tried to set seafloor extraction rules, but the U.S. under Trump says it may go it alone
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Oil Markets Brace for Lasting Turmoil in the Gulf
Analysts are now forecasting longer-lasting upheaval-and higher crude prices.
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Elon Musk's Tesla Obtains License to Supply Electricity in Britain
Tesla Energy Ventures received the go-ahead to provide electricity to domestic and nondomestic consumers in England, Scotland and Wales, but not Northern Ireland.
(END) Dow Jones Newswires
March 17, 2026 04:00 ET (08:00 GMT)
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