Trump administration says it is not considering oil export ban as prices surge
Industry worries that ‘panic’ actions by the White House could backfire on plans to increase drilling
Industry worries that ‘panic’ actions by the White House could backfire on plans to increase drilling

Hormuz closure prompts surge in buying from Asia and Europe

Confusion over US naval escorts in Strait of Hormuz exposes lack of clarity over war aims

Investors will weigh short-term disruption to Venezuelan exports against potential to eventually pump more crude

US supermajors stick to prewar strategies despite White House plea for more drilling to curb soaring petrol prices

Stocks near 8-year low ahead of summer travel season despite collapse in demand

Traders warn of further jump in prices and ‘huge pain’ as economies cut consumption