Despite fears about how oil shipments could be affected if Iran targets tanker traffic moving through the Strait of Hormuz, ...

A successful Iran-Israel ceasefire would abate concerns over Tehran's crude supplies and the stability of oil transport ...

Iran is ranked third, possessing 208,600 million barrels, or 208 billion barrels. Iraq takes fourth place with 145,019 ...

President Trump posted two things on his social media platform this morning: One calling for “everyone” to “keep oil prices ...

Given ample supplies and low demand, the market looks for real impact on supplies for cues rather than offer knee-jerk ...

The all-caps post came hours after weekend bombings in Iran rattled oil markets and reignited fears of rising fuel costs.

Oil also powers less of the US economy these days. In 1975, petroleum accounted for 47% of the energy consumed in the United ...

Oil prices tumbled on Tuesday to their lowest level in more than a week as U.S. President Donald Trump said a ceasefire has ...

While Iran's arch-rival Israel would remain unaffected by such a closure, closure would end up hurting Iran's oil trade as well as those of friendly countries, writes .

Oil futures jumped more than 2% at the start of the first trading session since the U.S. launched direct attacks against Iran ...

Oil is likely to rise by $3-$5 per barrel when trading resumes on Sunday evening after the U.S. attacked Iran at the weekend, ...

Oil futures tanked after Iran responded to US strikes against the Middle Eastern country's nuclear sites, sparing the supply ...