Key Highlights: Formula 2 and Formula 3 CEO Bruno Michel firmly states that the 2026 season-ending rounds in Qatar and Abu Dhabi will proceed as scheduled. Earlier Middle Eastern disruptions forced F2 to swap Bahrain and Saudi Arabia for Miami and Montreal, while Formula 1 monitors contingency plans including Imola. Championship leader Rafael Camara holds ...
Diesel prices are surging globally, driven primarily by escalating geopolitical tensions in the Middle East. The ongoing conflict involving the U.S., Israel, and Iran has disrupted crude oil flows and injected significant risk premiums into refined product markets. Compounding the supply-side pressure, tight refinery capacity and robust demand from both freight and industrial sectors have ...
Oil prices pulled back on Friday but remained on track for a weekly gain of nearly 9% after surging above $100 a barrel for the first time in months. Brent crude futures, the global benchmark, fell 2.4% to trade at $105.03 a barrel, while U.S. West Texas Intermediate (WTI) slipped 2.75% to $99.66 per barrel. ...
Traders worked the floor of the New York Stock Exchange on Aug. 25, 2026, as U.S. equities slid Thursday after domestic oil prices surged past $100 a barrel. The selloff reflected mounting anxiety that a prolonged conflict in the Middle East would fuel higher inflation and keep interest rates elevated for longer. Major Indexes Finish ...