President Donald Trump had signed an executive order to block sales of Iranian oil as part of an economic pressure campaign against the Middle East country working to develop its own nuclear weapon.

Oil fell to just $60 a barrel. That’s the lowest we’ve seen it since 2021. (And if you'll recall, that was back during the height of the global pandemic, when we weren’t traveling much.) ...

President Trump promised that during his presidency gasoline prices would drop and U.S. oil production would boom. One of those things is happening. Prices at the pump have indeed gone down ...

Oil prices dropped 2% on Monday to their lowest level since February 2021. The decline was sparked by OPEC's plans to increase oil supply by 411,000 barrels per day in June. Americans can expect ...

Oil prices are at their lowest levels since the spring of 2021. At Thursday's close, a barrel of West Texas Intermediate crude was $59 a barrel, down from $74 at the start of January. The last ...

Brendan Cole is a Newsweek Senior News Reporter based in London, UK. His focus is Russia and Ukraine, in particular the war started by Moscow. He also covers other areas of geopolitics including ...

For countries that depend heavily on oil revenue, dropping prices are worrisome. By Neil MacFarquhar Oil producing countries are bracing for a bumpy ride this year, with a precipitous drop in ...