Rolling coverage of the latest economic and financial news
The Strait of Hormuz, through which roughly one-fifth of the world's oil and liquefied natural gas typically passes, is virtually shut.
U.S. oil prices hit 2024 highs and stocks tumble as the Iran conflict escalates, threatening global markets and inflation.
SINGAPORE: Oil prices surged more than 25 percent on Monday to their highest levels since mid-2022 as some major producers cut supplies and fears of prolonged shipping disruptions gripped the market due to the expanding…
Oil prices surged about 20%, hitting their highest since July 2022.
SINGAPORE: Oil prices surged more than 25 percent on Monday to their highest levels since mid-2022 as some major producers cut supplies and fears of prolonged shipping disruptions…
Rolling coverage of the latest economic and financial news, with oil on track for its biggest daily jump since 2020