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11/03/2026
Iraqi Oil Ministry spokesperson: Iraq's daily oil production has dropped to 1.2 million barrels.
Latest
9 m ago
The Russell 2000 index increased by 1.1%.
11 m ago
Morgan Stanley has lowered the target stock price of Hilton Hotels from $306.00 per share to $303.00 per share, maintaining a rating of "hold" for Hilton Hotels.
16 m ago
Speaker of the House Johnson downplayed concerns about the skyrocketing gas prices in the United States during military action in Iran, calling it just a "temporary fluctuation" that will quickly resolve once the conflict ends. When asked if Americans can tolerate gas prices exceeding $5 per gallon, Johnson dismissed those concerns. Johnson said, "I believe the scope and mission of this action have been carefully designed and limited. I think the mission is almost completed. And even the commander-in-chief himself has stated in the past 24 hours that the action is coming to an end, so gas prices will adjust accordingly." He suggested that the rise in gas prices may be due to "the regime there" closing the Strait of Hormuz, adding "the Strait of Hormuz will reopen in a few weeks and gas prices will fall." Johnson continued, "So this is just a temporary fluctuation in the extraordinary trend of the United States returning to energy dominance. The evidence is clear and will continue to prove this point."
20 m ago
On Tuesday, due to global leaders assuring that policy intervention will mitigate the impact of the Iran war on energy prices, US crude oil futures continued to fall by over 15%. International Energy Agency director Birol stated that he has convened a "special meeting" of the government organization to assess the market situation on Tuesday. The G7 has requested the agency to develop a plan to release emergency oil reserves to address the market impact of the Middle East crisis. US President Trump earlier stated that he will send US naval escorts to escort oil tankers through the crucial Strait of Hormuz. Nevertheless, if the Strait of Hormuz is actually closed due to the Iran war, producers face greater production pressure every day, resulting in prices being over 40% higher than at the beginning of the year.
20 m ago
Wall Street regulatory agencies seek to enhance enforcement efforts and coordinate inspection work.
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