The U.S. aims to fill gaps in global oil and gas demand from the Iran war, but big worldwide shortfalls mean big profits.

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

The surge in oil prices triggered by the war in Iran could benefit American oil companies. Yet, price volatility, market expectations and ongoing geopolitical uncertainties are…

The U.S. aims to fill gaps in global oil and gas demand from the Iran war, but big worldwide shortfalls mean big profits.

WTI crude saw its biggest weekly gain since the 1980s last week.

Oil prices have surged more than 17% since the International Energy Agency announced the largest release of crude stockpiles in its 50-year history.

Brent and U.S. crude futures have already spiked, surging more than 40% so far this month to their highest levels since 2022.

Energy supply shock from US-Israeli attack on Iran fuels record valuations for Shell, ExxonMobil and Chevron