Crude oil prices have been rising since early May, according to tracking service TrackingEconomics.com, fueled largely by ...

US-Iran tensions impact oil markets and the strategic Strait of Hormuz. See why market resilience defies expectations despite ...

MOSCOW, June 25. /TASS/. Ceasefire between Iran and Israel puts the region’s most serious escalation in years on pause; NATO’s summit in The Hague is dominated by debates over defense spending and ...

Nearly the entire southern border of Iran is populated by oil and gas fields, many of which are jointly operated with allies ...

Oil also powers less of the US economy these days. In 1975, petroleum accounted for 47% of the energy consumed in the United ...

A prominent adviser to Ayatollah Ali Khamenei, Iran’s supreme leader, has already called for the closure of the Strait. A ...

Following the U.S.’s attack on three nuclear sites in Iran on Saturday, fears grew that the country would disrupt oil trade and cause prices to soar.

When Iran targeted ships in the Strait of Hormuz in the 1980s, the U.S. Navy escorted ships through the strait. This June, even without a formal closure, some oil tankers and supertankers — which can ...

Trump urged stepped-up production as the White House sharpened its warnings to Iran against closing the Strait of Hormuz, a ...

Iran controls the Northern side of the Strait of Hormuz, a passage which sees significant global trade pass through daily. If ...

By Monday morning, the price of a benchmark barrel of U.S. oil was up 0.4% at $74.16 after briefly dipping to a loss. Brent ...