Author: Nora Bennett

The transition away from fossil fuels doesn't happen in a straight line, and Nora has made a career out of covering its detours — from grid failures to LNG export terminals to the economics of nuclear revival. She grew up in rural Texas oil country, which she says gave her an early, unglamorous education in how energy markets actually work. A geology minor in college still shows up in her sourcing. When she's not on deadline, she's usually hiking somewhere with terrible cell reception.

Oil Prices Near Six-Week High as US-Iran Attacks Disrupt Strait of Hormuz Shipping and Threaten Supply

Energy

Oil prices remained close to six-week highs on Monday as escalating attacks involving the United States and Iran intensified concerns over crude supplies moving through the Middle East, pushing Brent closer to the $100-a-barrel mark. Brent crude rose 89 cents, or 0.92%, to $97.17 a barrel by 1333 GMT after earlier reaching $97.93, its highest level since July 24. U.S. West Texas Intermediate crude gained 79 cents to $92.27 a barrel, also trading near a recent six-week peak. The latest advance follows a sharp rally last week, when Brent climbed about 8% and WTI gained nearly 10% amid renewed military…

Read More