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.

Escalating U.S.-Iran tensions and the potential closure of the Strait of Hormuz have abruptly upended oil market forecasts, pushing Brent prices sharply higher.

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.

The fraught politics of carbon capture are dividing the oil industry.

Oil prices eased off a 5-month high as expectations Iran won't close the Strait of Hormuz for now. But this may still change, they warned.

Oil prices could soar into the triple-digits in the worst-case scenario, JPMorgan analysts said. The bank sees crude trading as high as $130 a barrel in the event of supply disruptions.

U.S. and global oil benchmark prices opened up 4% Sunday evening, underscoring the concerns about what the conflict means for the world’s oil supplies.

Oil prices are tumbling on news of an Israel-Iran cease-fire agreement. Oil prices were already falling after Iran launched strikes on a US airbase in Qatar. Markets saw Iran's strikes as a de ...

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.

Oil prices surged during late Sunday trading after the US launched strikes on three Iranian nuclear Saturday evening in a major escalation of the Iran-Israel conflict.

In the wake of the U.S. attack on Iranian nuclear facilities, President Trump urged “everyone” to keep oil prices down Monday, also pushing to "drill, baby, drill." ...