A $25 billion war bill is exposing a bigger defense problem The Pentagon told lawmakers this week that the U.S. has already spent about $25 billion on the Iran war, giving investors the clearest public number yet on how expensive

The oil shock is now hurting gold instead of helping it Gold dropped hard as the deadlock between the U.S. and Iran over the Strait of Hormuz continued, keeping energy markets under strain and pushing the inflation story back into

Shell is making its biggest reserve move in years Shell Plc (NYSE: SHEL) agreed to acquire ARC Resources (TSX: ARX) for $13.6 billion, marking the company’s biggest deal in more than a decade and one of the largest Canadian oil

What Happened The U.S. Department of Energy’s Office of Nuclear Energy says it wants to use the Defense Production Act of 1950 to speed up domestic uranium fuel production and help build more reactors by 2033. The initiative, called “Nuclear

What Happened New U.S. government data suggests China entered the Iran war with a much larger strategic oil cushion than the United States, giving Beijing a stronger buffer as global energy markets remain under pressure. According to the figures cited

What Happened Oil prices jumped sharply on Monday after a chaotic weekend in the Middle East ended with the U.S. Navy seizing an Iranian-flagged cargo ship and Iran insisting that the Strait of Hormuz remains closed. Brent crude climbed more

What Happened Gold gave back most of its early gains as traders weighed signs of progress on a U.S.-Iran truce against the reality that the Strait of Hormuz remains effectively shut. Bullion initially moved higher, but sentiment turned more mixed

What Happened Oil flipped between gains and losses as the market tried to balance two conflicting forces: signs of tighter U.S. supply and fresh hopes that the U.S. and Iran could keep talking long enough to extend the current ceasefire.

What Happened The European Union and the United States are moving closer to a new agreement on critical minerals, with both sides aiming to coordinate production, investment, and supply chains to reduce reliance on China. According to the reported draft

What Happened Gold advanced for a third straight day as traders weighed the chances of a diplomatic path in the Iran war, even as signs of instability around the ceasefire kept markets on edge. Bullion traded around $4,770 an ounce,