Experts have warned that a prolonged conflict could push global energy prices even higher.

Experts have warned that a prolonged conflict could push global energy prices even higher.

Brent crude is up by 9 percent amid supply concerns as Trump says strikes on Iran could last weeks.

JEDDAH: Oil prices surged by as much as 13 percent on March 2 after retaliatory Iranian attacks disrupted shipping in the Strait of Hormuz, following Israeli and US strikes on…

Russia’s leading indices rose as the main trading session started

Europe and Asia will take an economic hit if the supply of Qatari LNG is halted by the closure of the strait of Hormuz

A near-halt to shipping in strait of Hormuz and attacks on Middle East refineries are threatening supplies and stoking inflation

European gas prices soared on Monday. While Asia faces the greatest threat from supply disruptions, Europe is also vulnerable as its reserves reach historic lows.

The price of crude oil rose to $80 a barrel and the price of natural gas jumped 30% after Iran effectively sealed off the strategic Strait of Hormuz.

Gas and home heating oil prices are on the rise as energy infrastructure falls victim to the escalating Iran war.