Oil could pass 2008 record of $147.50 a barrel as damage and closures risk compounding supply shock caused by Iran war

Rolling coverage of the latest economic and financial news

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

Oil could pass 2008 record of $147.50 a barrel as damage and closures risk compounding supply shock caused by Iran war

Record oil release steadies markets, but war-driven disruption in the Strait of Hormuz keeps energy supplies uncertain.

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

Brent crude, the international standard, remained stubbornly over $100 a barrel on Monday.

The upcoming era of energy security is shifting from possession to production.