The U.S. on Thursday temporarily authorized the purchase of Russian oil stranded at sea to stabilize energy markets. U.S.

Strategists said oil prices were trading higher because there appears to be no end in sight to oil supply disruptions through the Strait of Hormuz.

Brent crude oil hovered around $100 a barrel Thursday, after Iran’s new leader said the Strait of Hormuz would remain shut and as further attacks on ships in the Gulf spooked energy traders.

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The two most recent attacks, apparently carried out by explosive-laden boats, hit the tankers Safesea Vishnu and Zefyros in Iraqi waters.

These price increases worried many Americans who remembered how a gasoline price spike in 2022 following Russia’s invasion of Ukraine helped boost inflation to levels not seen i ...

The stock can be a solid investment due to its dominance in the oil and gas industry and for its dividend growth. Whenever there's a conflict in the Middle East, it has the potential to disrupt the ...

Drivers are paying an average of 20 percent more at the pump since the strikes on Iran began. The global oil price was higher and stocks were mixed.

As the price of crude oil swings sharply, consumers are feeling the effects of the Iran war and its damage to worldwide energy production. Gasoline prices are climbing.

The Iran war is restricting shipments of Saudi and Iraqi oil through the crucial Strait of Hormuz. That's raising prices on ...

The recent tanker attacks and vessel rerouting near the Strait of Hormuz have once again highlighted just how fragile global energy flows can be. According to Robert Price, CEO of March GL and ...

The war in the Mideast has effectively halted shipping through the Strait of Hormuz, threatening to push up gas prices and ...