Oil prices initially surged by $8 per barrel, following Israel's strikes on Iran, but quickly settled around $5 per barrel.

"By making this adjustment, we observe that prices tend to stay high for a few months, generally 6 months (excluding the first Gulf War in 1990) or around 4 months (including the first Gulf War), ...

A decade ago, the rest of the Middle East had nearly as much economic reason to fear Iran as it did militarily.

A collision between two oil tankers just east of the world's most critical oil choke point, the Strait of Hormuz, could bring ...

Oil prices jumped almost 3% on Thursday as a week-old air war between Israel and Iran escalated and uncertainty about potential US involvement kept investors on edge. Brent crude futures settled up $2 ...

China, which depends on Iran for oil and to counter American influence, has a lot to lose from a wider war. But there’s not ...

Crude oil prices have extended gains for a third consecutive week due to escalating conflict in the Middle East and increased ...

The U.S. West Texas Intermediate crude for July - which did not settle on Thursday as it was a U.S. holiday and expires on ...

President Ferdinand R. Marcos Jr. said the Philippine government is prepared to offer fuel subsidies to sectors that could be ...

The accident, which the United Arab Emirates said was unrelated to the conflict between Israel and Iran, occurred amid ...

(Reuters) -An escalation of the Iran-Israeli hostilities could keep Brent oil prices trading about 15% to 20% above ...

While the Israel-Iran conflict is playing out thousands of miles away from US soil, Americans may not be able to escape the ...