ProShares Ultra Bloomberg Crude Oil (UCO)

The economist said that if President Donald Trump is serious about short-term pain for long-term gain, he should ask for $50B in other spending cuts or tax hikes.

The economist said he is concerned about the accumulation of friction across the economy.

According to a Reuters report citing a senior Iranian official, Khamenei had a “very tough and serious” stance on revenge against the U.S. and Israel as the Iran war entered its third week.

Yardeni explained that, unlike previous selloffs driven by economic cycles, this downturn risk is rooted in geopolitics, something policymakers may struggle to counter.

Crude oil prices nearly doubled over the course of a few days. Here are three ETFs set to benefit if oil heads back above $100.

According to a report from Sky News, Bessent said in an interview on Thursday that the military escort would likely include an international coalition.

Brent crude futures expiring in May surged more than 10% to $101.53 before losing some steam to hover around $101 a barrel.

Goldman warned that the spike in crude oil prices due to the disruption in oil flow through the Strait of Hormuz is now the primary channel of economic risk to the U.S.

Mojtaba Khamenei also called for national unity amid an intensifying war with the U.S. and Israel.

At the time of writing, Brent crude futures expiring in May surged more than 10% to $101.53 before losing some steam to hover around $98 a barrel.

This comes amid a rise in Iranian attacks on oil tankers in the Middle East and the Strait of Hormuz, including one near Iraq on a tanker owned by the U.S.

Hegseth did not rule out the possibility of U.S. boots on the ground in Iran, while acknowledging that there could be additional American casualties.

During an interview with CNBC, Iran’s Ministry of Foreign Affairs spokesperson Esmail Baghaei stated that the country was defending itself.

U.S. West Texas Intermediate futures expiring in April soared to a new 52-week high of $119.43 a barrel before cooling down slightly to hover at $95.53 at the time of writing.

Iran warned of surging prices as oil rose past $100 for the first time since June 2022, after an escalation over the weekend saw both sides reportedly target critical energy infrastructure.

The rising Middle East tensions pushed the U.S. West Texas Intermediate crude futures maturing in April to a new 52-week high of $119.43 a barrel before cooling down slightly.

Iranian Foreign Ministry spokesperson Esmaeil Baghaei provided details on the ongoing tensions, stating that Iran will continue to defend itself.

Trio Petroleum has drawn attention as oil prices surged following Middle East supply concerns, while the company also offered an update on its share sale agreement.

U.S. West Texas Intermediate crude futures maturing in April soared nearly 5% on Thursday, rising to $78.36 per barrel.

Tensions in the Middle East continued to rise after the U.S. sank the Iranian frigate Dena in international waters in the Indian Ocean.

Global oil prices have surged after escalating conflict in the Middle East disrupted traffic through the Strait of Hormuz, a key route that carries roughly 20% of the world’s oil and LNG exports.

The financing is priced at $5.50 per share of common stock, implying a 53% discount to Monday’s closing price.

Trio Petroleum Corp extended its rally on Tuesday morning after its shares surged 169% on Monday, driven by rising crude prices amid the Middle East conflict.

U.S. index futures declined sharply in Tuesday’s pre-market, mirroring the global rout as the U.S.–Israel–Iran conflict fuels a rise in oil prices and renewed inflation worries.

Data from Stocktwits showed that retail sentiment on SPY and QQQ turned ‘bearish’.