Some oil tankers are rerouting, pausing, or avoiding the Strait of Hormuz amid escalating Middle East tensions and fresh U.S. strikes on Iran, raising fears of a global oil supply shock.

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Trump took to social media on Monday to demand that oil prices stay down in the wake of US attacks on Iran. Oil prices were down slightly on Monday after initially spiking on news of the attacks.

Oil prices jumped to a five-month high in Asia on Monday in their first trading day after the US struck Iran's nuclear facilities on Sunday.

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, market analysts said, with gains expected to accelerate only if Iran ...

Iran could retaliate against the U.S. strikes on its nuclear facilities by shutting down the Strait of Hormuz, a move that would likely cause oil and gas prices to surge.

U.S. strikes on Iranian nuclear sites could push oil prices toward $100 per barrel as experts warn of disruptions to critical shipping routes.

Oil prices fell sharply Tuesday, returning to levels last seen before the Iran-Israel conflict, as investors cheered news of a ceasefire, albeit fragile, between the two countries.

U.S. President Donald Trump urged his administration on Monday to boost drilling rates and market players to keep oil prices down amid fears that the aftermath of the U.S. attacks on Iran's ...

Oil markets rose Tuesday after President Donald Trump permitted China to buy Iranian oil, with crude prices dropping amid reduced concerns about the Strait of Hormuz.

Another conflict in the Middle East is inflicting another round of price increases in the world oil market.