US military says it destroyed five Iranian oil tankers as tit-for-tat strikes mount

Tanker attacks in Strait of Hormuz spark fears of wider supply disruption

Experts warn that oil could exceed $120 per barrel if such attacks and reduced traffic in the Strait of Hormuz persist.

Oil prices moved closer to the $100-a-barrel mark on Wednesday, rising more than 1% for a fourth straight session as renewed tensions between US-Iran and continued to rattle the…

Oil prices surged dramatically following Iran's aggressive missile strikes on U.S. military targets, claimed by the Revolutionary Guards. Jordan's air defenses successfully…

Renewed fighting stokes fears of deeper disruptions

Traders in the financial markets reacted to tensions flaring up in the Middle East.