US among three countries so far backing measure triggered by Middle East war, according to reports

The price of a gallon of Brent oil has jumped by nearly 30% in a week as prospects of a longer war set in.

US drivers are largely insulated from higher oil prices caused by Middle East turmoil – but only to a point

Gulf Arab oil producers are cutting production as they run out of storage space because they can't export through the Strait of Hormuz

Escalating military aggression in Middle East continues to wipe 20m barrels from market each day

Major disruption to energy supplies threatens to push up prices for consumers and businesses around the world.

US Secretary of Energy Chris Wright argued that disruptions would be short-lived. 'Worst case, that's a few weeks. That's not months,' the US energy secretary told CNN. Oil and…

After its largest increase since the early 1980s over the last week, futures trading on crude oil on Sunday surpassed $100 per barrel.

Crude oil prices surge more than 20 percent as sprawling regional conflict threatens global energy supplies.

US among three countries so far backing measure triggered by Middle East war, according to reports

RIYADH: Oil prices climbed above $100 a barrel on March 9 for the first time since 2022 as conflict between the US-Israel alliance and Iran continued, but analysts believe more…

A big intervention is being discussed in the oil markets, but as yet, we do not know how big the problem will be.

A near 14% jump in oil prices due to the Iran war triggered an emergency meeting of the G7 with plans to release strategic reserves top of the agenda.

Oil prices surged above $100 per barrel as the critical Strait of Hormuz remains closed due to threats from Iran.

A shock to oil supplies is rattling financial markets, driving up prices at the pump and raising fears of a bigger economic hit.

Oil prices have shot up as the war snarls transportation and production in one of the most energy-rich regions on earth.

The group of nations welcomes the idea of releasing oil in response to the surge in prices since the US-Israel war with Iran began

It comes as Iranian attacks on ships intensify in the crucial Strait of Hormuz waterway.

Vast release of emergency crude reserves fails to quell mounting fears around energy supply crunch, rattling global markets