Oil prices surged over 7% following escalating tensions between Israel and Iran, raising concerns about potential supply disruptions. Brent crude reac

Soybean oil rallied on the Trump administration’s proposal allowing oil refiners to blend more biofuels into gasoline and diesel next year.

Analysts are making credible arguments that oil could slump into the $40s—or soar to $120. Even for a commodity with a volatile history like oil, that price range is remarkable. Late on Wednesday, Brent crude,

White House officials said the 55% represents the sum of a baseline 10% "reciprocal" tariff Trump has imposed on goods imported from nearly all U.S. trading partners, the 20% fentanyl-related tariffs, and pre-existing 25% levies on imports from China that were put in place during Trump's first term.

Oil surged as the US government ordered a partial evacuation of its embassy in Iraq amid rising security risks.