The crude oil prices rose to above $100 per barrel on Monday as the U.S. Navy prepares to block the Strait of Hormuz to restrict the flow of Iranian oil shipments in international waters. The U.S. is intensifying pressure on Iran after both countries failed to reach a deal during recent negotiations in Islamabad.

After its largest increase since the early 1980s over the last week, futures trading on crude oil on Sunday surpassed $100 per barrel.

Oil prices go up faster than they come down, especially since the war has damaged oil infrastructure in the Middle East.

US President Donald Trump dismissed the war-related spike in oil prices as a "small price to pay" for removing the threat of Iran's nuclear threat.

Yes, higher crude oil prices mean a multibillion-dollar cash infusion to the oil industry. But volatility is bad for business, and sustained high prices come with very serious drawbacks.

Amid the escalating US Iran War, a critical situation has arisen for the oil market as the global crude oil prices continued to surge and stayed above the $100 per barrel mark, even after a slight fall. The worst is yet to come as the Macquarie Group has ...

IndiGo stock falls over 6% as oil prices surge above $100; SpiceJet hits upper circuit amid West Asia tensions and ATF cost concerns.

Oil prices have eclipsed US$100 per barrel for the first time in more than three and a half years as the Iran war hinders production and shipping in the Middle East.