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Tehran warned of imminent retaliation against refining, petrochemical and natural gas assets in the region after its own giant South Pars gas field was struck.

Changing customer dynamics drove the decision. Toronto-bound freight lanes were growing busier, and the company wanted to minimize empty miles.

Reuters reported the that Elliott had taken the holding in an effort to urge Mitsui to review its real estate portfolio.

The Iran war has rattled the global flow of oil, with steeper fuel costs already straining households worldwide.

Investigators tracking a stolen cargo trailer with Target merchandise in Illinois discovered a Chicago-area warehouse with $3 million in looted goods.

The president on March 18 authorized foreign-flagged vessels to transport a range of commodities between U.S. ports for the next 60 days.

Iran has threatened it won't allow “even a single liter of oil” destined for the U.S., Israel and their allies to pass through Strait of Hormuz.

The moves include issuing more individual licenses allowing foreign companies to work in Venezuela without violating U.S. sanctions.

“We’re resetting the meeting,” Trump said March 17 at the White House during a sit-down with the Irish prime minister. “[China was] fine with it.” 

The spike in oil and gas prices presents already-divided Federal Reserve officials with a worst-case scenario as they conclude a key meeting March 18.