The latest move higher comes amid reports that the U.S. will look to extend its blockade of Iranian ports.

President Donald Trump on Saturday cancelled plans to send U.S. envoy Steve Witkoff and Jared Kushner to Islamabad, Pakistan for negotiations with Iran.

The latest move higher comes amid reports that the U.S. will look to extend its blockade of Iranian ports.

The price of crude oil has swung sharply as uncertainty over the war in the Middle East continues.

The price of Brent crude oil passed $115 per barrel Wednesday while President Donald Trump urged Iran on social media to agree to a nuclear deal.

Oil extended gains Thursday on signs of a prolonged U.S. blockade of Iranian exports and stalled nuclear negotiations.

The US president has faced intense political pressure to end the war on Iran, which is unpopular even with much of his base, has increased costs for American consumers paying at…

Oil markets spooked as Donald Trump appears willing to maintain the US Navy blockade and Iran keeps strait of Hormuz all but shut

US President Trump meets with oil firms over ways to minimise impact on fuel supplies amid US blockade of Iranian ports.

Oil briefly topped $126 on Asian markets on news the United States might resume bombing Iran and the Hormuz Strait closure could continue for months.