The global Brent benchmark has jumped more than 50% to around $112 a barrel as the near-complete closure of the Strait of Hormuz choke supplies.

Oil prices have been very volatile since Israel and the U.S. launched military strikes against Iran about three weeks ago. Crude has surged on news of attacks against oil tankers in the Persian Gulf ...

In a twist of wartime irony, the United States has moved to ease sanctions on Iranian oil to cool surging energy prices, a potential boon for Tehran.

DUBAI, United Arab Emirates (AP) — U.S. President Donald Trump said he was considering “winding down” military operations in ...

Crude oil prices broke above the $93 per barrel resistance in early March 2026, a level last attained in September 2023. Tracked by Brent Crude Futures, this breakout reflected intensified supply ...

The Trump administration waived sanctions on the purchase of Iranian oil at sea for 30 days on Friday (March 20) in its latest attempt to ease oil prices that have been driven up by the U.S.-Israeli ...

By Alex Lawler and Arathy Somasekhar March 21 - The war in the Middle East has triggered a nightmare scenario for the global energy system, slashing so much supply that consumers around the world must ...

EXCLUSIVE — Senate Majority Leader John Thune (R-SD) is urging Americans to endure bloated gas prices from the Iran war a ...

Israel vows intensified strikes on Iran as U.S. sends more forces despite talk of drawdown; tensions rise after attacks on ...

Iran has effectively blocked the Strait of Hormuz, one of the world's busiest oil shipping channels, since the US and Israel attacked the country on 28 February. About 20% of the world's oil and ...

Israel and Iran attacked each other on Saturday as the U.S. was sending thousands more Marines to the Middle East and President Donald Trump accused NATO allies of cowardice over their reluctance to ...

The market is still anticipating multiple rate cuts later this year. There's a case building that the Fed's next move might be a rate hike.