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Wednesday
02
Sep 2026
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Oil: Prices jump more than 2.5% after new military escalation — Brent above $90

The latest military escalation between the US and Iran has reignited tensions in the oil market, heightening fears of disruptions to global supply and the security of flows through the Strait of Hormuz

US-Venezuela oil deal: Venezuela retains ownership, Rodríguez says

Statement in response to Trump’s remarks about what the two sides agreed

Historic Deal: US takes control of Venezuela’s oil, gaining control of 65 billion barrels

A masterstroke by Trump: The US gains control of 55% of a joint venture’s production in Venezuela in an unprecedented deal that reshapes the energy and geopolitical map

Iran is running out of fuel: Queues at gas stations in Tehran, daily shortfall reaches 15 million liters

Consumption of strategic reserves reaches “red alert” levels — Dispute between the Pezeshkian government and the Islamic Revolutionary Guard Corps, queues and closed gas stations in Tehran

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