Dow Jones Top Energy Headlines at 4 PM ET: Crude Jumps As U.S. Revokes Iran Authorization to Sell Oil | U.S. …

Crude Jumps As U.S. Revokes Iran Authorization to Sell Oil

Oil futures were sharply higher as the U.S. revoked Iran’s license to sell oil in response to Iranian attacks on ships in the Strait of Hormuz.

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U.S. Revokes Waiver Allowing Sale of Iranian Oil

Oil prices jumped after the U.S. Treasury’s announcement, which followed attacks on commercial vessels near the Strait of Hormuz.

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Rising Gulf Oil Output Sets Stage for Market Share Battle

Persian Gulf oil producers, racing to bring idle wells back online, now face the challenge posed by a surplus of millions of barrels that could sharpen competition for market share.

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Russia’s oil refineries are burning – and, now, so is its bond market

Fuel shortages in Russia may achieve what nothing – and nobody – else could: force Putin to the negotiating table.

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Shell’s Traders Get Boost From Conflict But Gas Output Falls on Lost Qatari Volumes

The British energy major said its gas-trading division is expected to report significantly higher results than the first quarter, and it raised its second-quarter integrated gas unit production outlook.

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Energy & Utilities Roundup: Market Talk

Find insight on oil futures, Shell and more in the latest Market Talks covering energy and utilities.

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The Iran War Has Oil-Rich Alaska Freaked Out About $9 Gas

Trump’s energy agenda is poised to boost the industry, but Alaskans are reeling from war-driven price increases.

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OPEC, Allies Hike Output Again as Hormuz Traffic Starts Recovering

The fifth consecutive increase comes as the cartel continues to unwind production cuts introduced in recent years.

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Brookfield Approved as Lead Bidder for GoldenPeaks in Bankruptcy Sale

A Houston judge ruled in favor of the asset manager’s financing and a fast-tracked sale process for the solar company, despite lender objections.

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AI Data Centers Use Far More Water Than Most Tech Giants Report

Water used at the power plants that supply electricity to data centers can be much greater than the water used in the data centers themselves.

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Canada, Alberta Agree to Back New Crude Pipeline to Pacific Coast

The move is another sign of Prime Minister Mark Carney’s bid to position Canada as an energy-exporting superpower.

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AI Is Straining Big Tech’s Climate Goals

Google and Amazon are seeing spikes in carbon emissions as they build data centers.

(END) Dow Jones Newswires

July 07, 2026 16:15 ET (20:15 GMT)

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