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The amount of money that was wagered in the oil market on Monday just 15 minutes before US President Donald Trump boasted of “productive” talks with Iran.
Natalie Johnson
Hard Numbers

Hard number: Crude timing

Popular

​Liberia-flagged Aframax tanker Suvorovsky Prospect discharges fuel oil from Russia at the Matanzas terminal, in Matanzas, Cuba, on July 16, 2022.
REUTERS/Alexandre Meneghini
Analysis

Putin’s gamble in Cuba

Putin looks on over missiles flying between Israel and Iran.
by ian bremmer

Putin: The real winner of the US-Iran war?

An aerial view of the Pasadena Refining System, Inc., in Pasadena, Texas, from 2017.
REUTERS/Adrees Latif
GZERO North

Why does the US Import oil despite producing enough for its needs?

Recent

Map of countries in Africa that have cur deals with the US after USAID defunding.
Natalie Johnson
Graphic Truth

Where the US is cutting deals in Africa

​US President Donald Trump speaks to the media before departing West Palm Beach, Florida, USA, on March 23, 2026.
What We're Watching

Trump postpones strikes on Iran’s power plants, US gov’t to greenlight giant local news merger, Iran war hurting global airline sector

Is Trump really talking to the Iranians? US President Donald Trump postpones attacks on Iran after "productive conversations." FCC greenlights Nexstar-Tegna merger, sparking concerns. Iran conflict and government funding issues damaging airline industry.

​Paramilitary police cadets sit in rows as they watch a parade performance to mark the 20th anniversary of the founding of their military school in Kunming, Yunnan province July 8, 2011.
What We're Watching

China closely watching Strait of Hormuz’s closure, Foreign interference roils Slovenia’s election, Ukraine lends drone defense to the Gulf

​Presidential Candidate Gustavo Petro for the political alliance 'Pacto Historico' speaks during an interview with Reuters in Bogota, Colombia June 10, 2022.
Hard Numbers

Colombia’s president under US investigation, Chad to send security forces to Haiti, Eid celebrations in the midst of war, Terrorism deaths rise in Nigeria

​Prime Minister Viktor Orban of Hungary, right, alongside United States Vice President JD Vance. 07 Nov 2025
What We're Watching

Vance bids to save Orbán, Thai Parliament selects PM, Venezuela’s interim leader puts her stamp on power

US President Donald Trump’s allies have taken a major interest in European politics over the last 18 months, attempting to boost far-right leaders in Albania, Germany, and Poland.

QatarEnergy's liquefied natural gas production facilities in Ras Laffan Industrial City, Qatar, on March 2, 2026.
Analysis

Iran conflict brings energy boon for some, doom for others

The US-Israeli war with Iran has badly damaged oil & gas producers in the Gulf and consumers in the Indo-Pacific. But not all countries within those regions will feel the pain equally.

A Russian LNG tanker, Arctic Metagaz, damaged earlier this month and currently adrift without crew, floats in the Mediterranean Sea, in this handout picture released on March 13, 2026.​
Hard Numbers

Abandoned Russian oil tanker drifts toward Libya, Pentagon reportedly makes hefty financial request, K-pop group returns, & Nigerian leader makes rare UK visit

700: The tons of fuel and liquefied natural gas aboard a Russian tanker that is currently floating around the Mediterranean Sea unmanned, after a drone attack earlier this month prompted the crew to abandon ship.

Workers are unloading coal from a cargo ship on the Turag River in Dhaka, Bangladesh, on May 06, 2024.
What We're Watching

Asia seeks coal amid Iran conflict, Israel expands its war within a war, Chile’s Kast builds a wall

Much as Europe did when Russia began its full-scale invasion of Ukraine four years ago, Asia is turning to a retro, highly-polluting fuel source as the Iran conflict limits the supply of liquefied natural gas: coal.

Venezuela outfielder Javier Sanoja reacts in the fifth inning during the 2026 World Baseball Classic Championship game at LoanDepot Park in Miami, Florida, USA, on March 17, 2026.
Hard Numbers

Venezuela defeat USA in baseball, American diesel surpasses $5, Scotland rejects assisted dying bill, Senegal victory in African soccer tournament annulled

​Explosions in Iran and gas prices increasing.
Analysis

Europe pays for a war it doesn’t want

Nearly a month ago, the US and Israel started a war with Iran. But one continent, which wants very little to do with the war, is uniquely impacted: Europe.

March 13, 2026, Tehran, Iran: ALI LARIJANI (C), Secretary of the Supreme National Security Council of Iran, participates in the Al-Quds (Jerusalem) Day rally, a commemoration in support of the Palestinian people on the last Friday of the Islamic holy month of Ramadan, in Tehran.
What We're Watching

Israel says it killed Iran’s security chief, US considers tying Zambia’s HIV aid to minerals access, Cuba’s power grid cuts out

Ali Larijani, who was head of the Islamic Republic’s influential security council and had effectively run the country since Supreme Leader Ali Khamenei’s death, was killed in a strike overnight, Israel has said. Tehran has not confirmed his death.