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

Global crude prices jumped on Sunday but have since retreated. Here's what experts say about the outlook for oil and gas.

The all-caps post came hours after weekend bombings in Iran rattled oil markets and reignited fears of rising fuel costs.

MOSCOW, June 24. /TASS/. The price of Brent crude oil futures for August 2025 delivery on the London-based ICE exchange dropped below $71 per barrel for the first time since June 16. As of 11:00 p.m.

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.

The price of oil rose and U.S. stock futures fell as global markets react to the U.S. strike against nuclear targets in Iran.

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 ...

Two supertankers, each capable of hauling about 2 million barrels of crude, headed through the Strait of Hormuz at the mouth ...

Gas prices are expected to see modest increases despite Middle East tensions, as the oil market stabilizes following U.S.

Despite Iranian missile strikes and airspace closures, oil prices plunged as traders dismissed the risk of serious supply disruption.