The United States will impose "the toughest sanctions in history" on Iran, U.S. Treasury Secretary Scott Bessent said on Thursday as he urged Beijing to cooperate with Washington. Bessent said he would hold a press conference on Monday to discuss details. "It is a one-two punch. We have the blockade (on Iran), and we are going to have the toughest sanctions in history," Bessent told CNBC. "It is going to work in Iran and we are going to collapse this regime." "It is time for our allies [Read more]
Headlines
Iran condemns new U.S. sanctions, calls them ‘economic terrorism’
Iran's foreign ministry condemned newly announced U.S. economic and trade sanctions on Thursday, saying they targeted ordinary Iranians and amounted to "economic terrorism" and crimes against humanity. U.S. President Donald Trump warned on Wednesday of sweeping economic consequences for any country that provided what he called "any type of lifeline to Iran", threatening economic warfare and isolation on an unprecedented scale. The Iranian foreign ministry said the measures would not weaken [Read more]
N.S. premier says U.S. trade dispute a ‘wake-up call’ for economic diversification
BANFF - Nova Scotia Premier Tim Houston says Canada’s trade dispute with the U.S. has been a wake-up call to diversify the province’s economy. Houston was responding late Wednesday to a potential Canada-U.S. trade deal from Banff, Alta., where he’s promoting energy projects at an industry conference. He said the dispute has taught the province it needs to develop more diverse trading partners for sectors like seafood and agriculture, though the U.S. market is still important. He said [Read more]
Saudi June crude exports climb from record May low, data shows
Crude oil exports from Saudi Arabia rose to 3.993 million barrels per day in June, from a record low of 3.434 million bpd in May, data from the Joint Organizations Data Initiative (JODI) showed on Thursday. The country's crude oil production increased to 7.122 million bpd in June from 6.560 million bpd in May. The JODI data for Saudi crude output and exports goes back to 2002. Riyadh and other Organization of the Petroleum Exporting Countries members provide monthly export figures for [Read more]
Highwood Asset Management Ltd. announces second quarter 2026 results and operational update
/NOT FOR DISSEMINATION IN THE U.S. OR THROUGH U.S. NEWSWIRES/ CALGARY, AB, Aug. 20, 2026 /CNW/ -- Highwood Asset Management Ltd. ("Highwood" or the "Company") (TSXV: HAM) is pleased to announce its financial and operating results for the three and six months ended June 30, 2026 and to provide an operational update. The Company also announces that its unaudited interim consolidated financial statements and associated Management's Discussion and Analysis ("MD&A") for the period ended June 30, [Read more]
Hemisphere Energy Declares Quarterly Dividend, Announces 2026 Second Quarter Results, and Provides Operations Update
Vancouver, British Columbia--(Newsfile Corp. - August 20, 2026) - Hemisphere Energy Corporation (TSXV: HME) (OTCQX: HMENF) ("Hemisphere" or the "Company") declares a quarterly payment to shareholders, provides its financial and operating results for the three and six months ended June 30, 2026, and provides an operations update. Quarterly Dividend Hemisphere is pleased to announce that its Board of Directors has approved a quarterly base cash dividend of $0.025 per common share in [Read more]
ROK Resources Files Financial Results and Management Discussion & Analysis for Second Quarter of 2026
NOT FOR DISTRIBUTION TO THE U.S. NEWSWIRE OR FOR DISSEMINATION IN THE UNITED STATES REGINA, SK / ACCESS Newswire / August 20, 2026 / ROK Resources Inc. ("ROK" or the "Company") (TSXV:ROK)(OTCQB:ROKRF) announces that the Company has filed its Financial Results and Management Discussion & Analysis ("MD&A") for the three and six month periods ended June 30, 2026, and provides an update on its financial and operating performance, including continued execution of its 2026 capital program [Read more]
Continental Resources Significantly Expands Permian Basin Position with Acquisition of FireBird Energy II
OKLAHOMA CITY, Aug. 20, 2026 /PRNewswire/ -- Continental Resources ("Continental") today announced it has entered into an agreement to acquire FireBird Energy II LLC ("FireBird"), a portfolio company of Quantum Capital Group ("Quantum"). The acquisition of FireBird, which owns approximately 54,000 net acres in the Midland Basin, significantly expands Continental's Permian Basin position and adds high-quality, oil-weighted production and development inventory adjacent to its existing [Read more]
The Iran war energy crisis is just getting started: Bousso
The Iran war has pushed the global oil refining industry to the brink, signalling that diesel and gasoline prices may remain elevated for years. Deal or no deal, the global energy inflation shock is far from over. While oil markets adapted remarkably well to the abrupt loss of a fifth of global crude supplies from the Middle East during the conflict, workarounds for the refining industry have been far more limited. The divergence between crude and fuel prices tells the story. Benchmark Brent [Read more]
Oil gains on Middle East supply concerns amid impasse in US-Iran war
Oil prices climbed on Thursday on concerns the impasse in the U.S.-Israeli war against Iran will continue to disrupt supply from the key Middle Eastern producing region and tighten global supplies. Brent crude futures for October delivery rose 26 cents, or 0.28%, to $91.87 a barrel by 0439 GMT, while U.S. West Texas Intermediate crude futures for September added 17 cents to $86 a barrel. The more-active October WTI contract gained 12 cents, or 0.13%, to $89.91. Both Brent and WTI [Read more]
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