Brent crude steadies near $114 awaiting signal on Iran stance
Brent crude is holding around $114 per barrel as markets look for direction on President Trump's upcoming approach toward Iran, according to ING's Warren Patterson and Ewa Manthey.
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White House taps wartime law as US gasoline breaks $4 a gallon
President Donald Trump has triggered Section 303 of the Defense Production Act to designate domestic oil output and refining as critical to national defense, a move landing just 12 days before the US midterm vote.
Trump accuses Tehran of engineering higher oil prices before midterms
President Donald Trump has charged that Iran is artificially pushing crude prices higher ahead of November's congressional midterms, insisting shipping through the Strait of Hormuz now exceeds pre-conflict levels.