US oil refiners reap windfall from Iran war
Soaring fuel prices and access to cheap North American crude oil put American refiners in pole position
Soaring fuel prices and access to cheap North American crude oil put American refiners in pole position

‘Armada’ of Asian tankers heads for American ports as energy shortages spread

Crude had stabilised on optimism that a deal could be reached to reopen the Strait of Hormuz

Brent crude rises for eighth consecutive day

Brent crude at highest level in three weeks

Vitol, Trafigura and rivals expand credit lines in anticipation of prolonged disruption to global oil and gas flows

Iran is reviewing a Washington-backed peace proposal while Trump says conflict will end if both sides strike agreement