Oil and gas supplies could take months to return to normal after Iran deal, energy experts say
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Oil and gas supplies could take months to return to normal after Iran deal, energy experts say
NEW YORK: High oil and gasoline prices and energy supply problems won’t be solved overnight, despite an agreement to end the Iran war and open the Strait of Hormuz announced Sunday. It will likely take months before energy companies can resume operations to the point of meeting the world’s demand, »»»
Hormuz crisis is ‘biggest energy disruption ever: S&P’s Yergin
The crisis has evolved into what Yergin described as a clash between two blockades – the US economic pressure on Iran versus Tehran’s ability to “wage war on the world economy.” Agencies New York S&P Global Vice Chairman Daniel Yergin warned that the Strait of Hormuz crisis represents “the biggest »»»
S&P 500, Nasdaq end at fresh records as oil prices tumble
NEW YORK, April 18, 2026 (BSS/AFP) - Major Wall Street indices rocketed to fresh records Friday after Iran's announcement reopening the Strait of Hormuz sent oil prices sharply lower. The broad-based S&P 500 gained 1.2 percent to 7,126.07, while the tech-rich Nasdaq Composite Index jumped 1.5 perce»»»
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