Oil

Amid heightened tensions between the U.S. and Iran and reports of a nixed plan to strike Iran following the downing this week of a U.S. drone, business in neighboring Iraq is reportedly being hampered.

Prices are up after a report that President Trump nearly ordered retaliatory strikes against Iran for shooting down an unmanned U.S. aerial drone.

An early-morning explosion rocked a South Philadelphia oil refinery Friday.

Over 30 percent of US daily supplies of petroleum and liquified natural gas go through the waterway.

The company refused to say whether workers were being evacuated.

After weeks of swelling, U.S. crude stocks fell by 812,000 barrels last week to 482 million.

Secretary of State Mike Pompeo claims that Iran is responsible for the attacks on two oil tankers off the coast of the Middle Eastern country.

Rising tensions in the Middle East after last week's tanker attacks, with the U.S. planning to send more troops to the Middle East, also lent support.

Prices have fallen around 20% since a 2019 high reached in April, in part due to concerns about the U.S.-China trade war and disappointing economic data.

Former USS Cole Commander Kirk Lippold (Ret.) weighs in on the attack on two tankers in the Gulf of Oman and the mounting U.S. tensions with Iran.

President Donald Trump blamed Iran for the attacks on oil tankers in the Gulf of Oman in an interview with Fox&Friends.

The International Energy Agency cut its demand growth forecast for 2019 by 100,000 barrels per day (bpd) to 1.2 million bpd, due to worsening prospects for world trade.