Oil price spikes aren't the only impact of the ongoing Middle East conflict on the global economy. Here are three other major supply shocks.

The Trump administration on Friday issued a 30-day sanctions waiver for the purchase of Iranian oil at sea to ease energy supply pressures since the start of the U.S.-Israeli war on Iran, U.S. Treasury Secretary Scott Bessent said.

In March 2026, home heating oil prices in New York surged by an average of 39% year-over-year, driven by global fuel spikes.

Gas Prices in the U.S. Have Risen Every Day Since March 1

Oil prices stabilized and Wall Street futures fell early Friday as Israel and Iran traded attacks in the three-week old war that has jolted global markets.

When oil prices change, it affects your energy costs—and even the price of everyday items. Here’s why.

Treasury Secretary Scott Bessent said the U.S. won't intervene in oil futures markets, focusing on physical crude supply to offset Iran conflict disruptions.

Oil prices rose as much as 3% on Thursday after Iran attacked several energy facilities across the Middle East following a strike on its South Pars gas field.

By Robert Harvey and Georgina McCartney LONDON/HOUSTON, March 19 (Reuters) - If you want to buy a cargo of oil in Asia or jet fuel in Europe right now, you may have to pay a record price for it. Surging oil prices in physical markets - the trading place for oil on ships,

Crude surges again as the conflict in the Middle East escalates, with several natural gas facilities in Qatar facing missile strikes.