Oil is up 35%. Natural gas is up 70%. The reason involves a country you've never heard of, a pipeline that doesn't exist, and a crater that's been on fire since 1971.

The new order is colder: dependency pricing. Cut the cheap oxygen – oil cash, sanctions-evasion routes, and unprotected chokepoints – and the regimes that live on it don’t just wobble: they suffocate ...

Global markets are closing out a tumultuous week after the conflict in Iran effectively closed the Strait of Hormuz, through ...

Ukraine-Russia war latest: Nationwide alert sounded in Ukraine after Russian strikes kill seven in Kharkiv - Putin's forces ...