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Kuwait declares force majeure, cuts crude oil output due to Middle East conflict ReutersKuwait cuts oil production as Strait of Hormuz closure disrupts global energy market CNBCExclusive | Kuwait Cuts Oil Production as Fallout From Iran Conflict Intensifies WSJOil and gas production shutdowns in Iraq and Kuwait widen the Iran war's impact on energy prices Fortune
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Oil and gas production shutdowns in Iraq and Kuwait widen the Iran war's impact on energy prices FortuneKuwait Cuts Oil Production as Storage Fills Up WSJKuwait Cuts Oil and Refining Output as Hormuz Transits Slow Bloomberg.comKuwait cuts oil production as precaution amid Iran tensions, KPC says Reuters
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Iran war could make affordability bigger issue in 2026 elections CNBCOil surges 35% this week for biggest gain in futures trading history dating back to 1983 CNBCCrude prices make record jump as Trump's measures fail to calm markets PoliticoU.S. Gas Prices Jump Again as Oil Tops $90 for First Time in Years The New York Times
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Oil shot to its highest price since 2023 after surging again because of the Iran war, and a weak update on the U.S. job market knocked stocks lower to cap Wall Street's worst week since October.
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Wall Street was on track to open lower again Friday as oil prices continued to climb, hitting the highest level in nearly two years less than a week since the U.S. and Israel began bombing Iran, one of the world's top oil producers.
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Government bonds globally were hit hard by surging oil prices as the Iran conflict extends into the weekend
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Goldman Sachs warns crude will soar past 2008 peak if action is not taken to reopen Strait of Hormuz
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