“The potential threat of the Red Sea becoming another major supply disruption point is further complicating the global oil outlook,” says analyst.

SINGAPORE: Oil extended gains on Wednesday as President Donald Trump reimposed a naval blockade on all Iranian ports and Tehran launched strikes on US infrastructure in the…

July 16 : Oil prices eased on Thursday as traders weighed escalating tensions between the United States and Iran and the risks to oil supplies moving through the Strait of…

Oil prices fell about 1 percent on Thursday but remain near the highest since mid-June as the Iran war escalated, with Tehran asking Yemen’s Houthi

PERTH, July 17 : Oil prices inched higher on Friday after the U.S. and Iran stepped up attacks across the Gulf, with their broken truce limiting oil flows out of the Strait of…

LONDON: Oil prices fell about one per cent on Thursday but remain near the highest since mid-June as the US-Israeli...

Brent crude futures gained $1.05, or about 1.25%, to $85.28 a barrel while U.S. West Texas Intermediate (WTI) crude futures rose $1.03, or 1.3%, to $79.98 a barrel. The gains…

Oil prices climbed as renewed US-Iran attacks raised concerns over Strait of Hormuz and Red Sea supplies, pushing Brent above $85 a barrel.

Oil prices rise amid US-Iran tensions threatening supply routes. Crude oil reaching a new all-time high by December 31 at 12% YES.

“The potential threat of the Red Sea becoming another major supply disruption point is further complicating the global oil outlook,” says analyst.

Increased disruption in the Strait of Hormuz has raised supply concerns