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Oil prices swing wildly as Iran war threatens transport routes and production across Middle East
The widening Iran war has upended oil production and shipping across the Middle East, straining energy supplies worldwide. Those disruptions caused oil to spike Monday, only for it to swiftly fall back after President Donald Trump suggested the war could ...
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Hormuz closure raises odds of $100 oil, analysts warn
Oil prices may jump above $100 per barrel after Iran announced the reclosure of the Strait of Hormuz, say analysts. The strait closed again on Saturday afternoon and will remain so until the US removes its blockade on Iranian ships,
Global oil prices surpass $100 a barrel as Iran war nears one-month mark
Oil prices climbed on Thursday as the war in Iran approaches its one-month mark, with little sign of an end in sight.
Brent oil price near $100 again with U.S.-Iran talks uncertain and Hormuz still blocked
Just a few tankers are passing through the Strait of Hormuz, as the U.S. Navy blocks Iran's coast and Tehran threatens to retaliate against ships in the Gulf.
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Crude oil price explosion — $200 a barrel in sight
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 ...