Brent crude oil prices shot up as the US and Israeli war against Iran disrupted oil supplies in the Middle East. CNN’s Word of the Week asks: How did the benchmark barrel of oil get the name “Brent”?

The velocity of the rebound is particularly noteworthy — price behavior of this nature is characteristic of institutional accumulation rather than opportunistic retail buying.

As the US–Israel war on Iran escalates, so too does the global oil crisis. The effective closure of the Strait of Hormuz, through which roughly 20% of the world’s oil and natural gas flows, and the ...

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These price increases worried many Americans who remembered how a gasoline price spike in 2022 following Russia’s invasion of Ukraine helped boost inflation to levels not seen i ...