Fifteen miles off Iran's northwestern coast, the Kharg Island terminal handles more than 90% of the country's crude exports.
A calm 2024 for petroleum prices has given way to bets that a spike in energy prices could follow.
At just $70 a barrel, US oil prices remain much closer to their 2024 lows than their highs last fall of nearly $90. The ...
President Joe Biden on Thursday told reporters he was discussing possible Israeli strikes on Iranian refineries, further ...
Oil prices' steepest weekly rise since March 2023 began when Iran's historic missile strike on Israel Tuesday rekindled fears ...
If Iran's oil installations are taken offline, oil prices could surge over $200 per barrel, SEB's Bjarne Schieldrop said.
As the conflict across the Middle East widens, rising oil prices are being closely watched. The cost of oil affects ...
Friday’s jobs report could bolster the view that the American economy is holding steady, but an oil price shock could ...
Libya will resume oil production starting on Thursday after the National Oil Corporation (NOC) lifted force majeure at all ...