A renewed blockade of the narrow Bab el-Mandeb Strait by the Houthis may once again threaten international shipping in general and U.S. economic interests in particular, forcing Trump's hand in ...

Oil prices rose 2% on Monday after a trade deal between the U.S. and the European Union, and U.S. President Donald Trump's announcement that he would shorten the deadline for Russia to end its war ...

Oil futures jumped 2% as investors bet that Trump's comments on Russia could result in sanctions on Russian oil that might prompt a supply shock. Meanwhile, a US trade deal with the EU fueled ...

Easing trade tensions are likely to result in boosted economic activity and cross-border commerce, which in turn drives up oil demand through increased transportation and industrial energy use.

Oil prices rise as US-EU deal lifts trade optimism Brent crude futures inched up 22 cents, or 0.32 per cent, to $68.66 a barrel.

The attacks have stunned the global shipping industry, driven up insurance premiums, with war-risk coverage now making Red Sea routes prohibitively expensive for many carriers, and dealt a severe blow ...

0006 GMT — Oil rises in the early Asian session amid optimism toward U.S.-EU trade talks. The U.S. and the EU are working toward a deal that would set a 15% tariff for most EU goods to the U.S ...

Oil prices rose modestly after a surprise U.S. inventory draw and a new U.S.-Japan trade deal revived hopes for stronger global demand.

Dobson said that although the Bab el-Mandeb is the narrowest passage geographically, it might have been a major barrier depending on the watercraft of that time.

Dobson said that although the Bab el-Mandeb is the narrowest passage geographically, it might have been a major barrier depending on the watercraft of that time.

Oil prices fell on Tuesday for a third consecutive session, as hopes faded for a trade deal between the U.S. and Europe, feeding fears of an economic slowdown in the world's largest oil markets.

Oil prices fell in early Asian trading as U.S.-EU trade tensions and rising supply continue to dampen market sentiment.