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

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

Energy markets remain on tenterhooks as the prospect of prolonged war in the Middle East grows.

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

The U.S. strikes on Kharg Island and Trump's threat to hit Iran's oil infrastructure mark a major escalation in the war, according to JPMorgan.

Another weekend of violence compounded global market concerns over war in the Middle East, following US strikes on the vital oil hub