CHICAGO(AP) — Oil prices eclipsed $100 per barrel for the first time in more than three and a half years Sunday as the Iran war hinders production and shipping in the Middle East. The price for a barrel of Brent crude, the international standard, was at ...

Oil prices climbed on Thursday as the war in Iran approaches its one-month mark, with little sign of an end in sight.

Brent crude futures slipped by 44 cents, or 0.5 per cent, to $94.90 per barrel in early Asian hours, while US West Texas Intermediate (WTI) crude fell 70 cents, or 0.8 per cent, to $90.59. The decline comes amid renewed diplomatic signals that could ease one of the most critical geopolitical risks facing energy markets.

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 ...

Diplomats worked through back channels Tuesday to arrange a new round of talks between the United States and Iran after Washington enacted its blockade of Iranian ports, while Tehran threatened to retaliate by striking targets across the war-weary region.