Four weeks of Iran war: Here’s what has happened to oil markets

Oil prices rise as Iran war escalates with Houthi attacks

Oil prices climbed above $116 per barrel after markets opened Sunday, as Iran-backed Houthi militants fired missiles and drones at Israel over the weekend and promised to continue attacks.Why it matters: The increase came as the war moved into its fifth week, showing little sign of abating despite President Trump's talk of diplomacy. Driving the news: The…

‘My favorite thing is to take the oil’: Trump goes off script on Iran war plans

President Donald Trump made several telling remarks Sunday in an interview with the Financial Times, revealing some of his administration’s potential war plans as it relates to Iran.“To be honest with you, my favorite thing is to take the oil in Iran but some stupid people back in the US say: ‘why are you doing that?’ But they’re stupid people,” Trump told…

Over $100 Billion Lost to Oil and Gas Price Spikes in First Month of Iran War, 350.org Analysis Shows

One month after the start of the Iran war, new analysis from 350.org shows that over $100 billion has been siphoned from ordinary people to oil and gas companies due to soaring energy prices.In addition to the horrific loss of human life, campaigners say the crisis highlights how dependence on fossil fuels enriches the few at the expense of the many. The…

The Houthis Have Entered the Iran War – Here's What That Could Mean