A blockade of the Strait of Hormuz would hit the flow of 12% of world oil supplies and will lead to a sharp spike in prices ...

While the week was uneventful on the local economic front, the same cannot be said for the international picture for oil ...

Although the U.S. is a net oil exporter, higher oil prices could increase inflation and lower economic growth.

As tensions rise in the Middle East, oil prices have jumped significantly this June, raising concerns over inflation and ...

The scale of any energy price rises, and the wider impact, will depend on the magnitude of what comes next in the conflict ...

Israel has refrained from directly targeting Iranian oil-export facilities. It’s a calculated strategy, Skip York writes in a ...

"WTI crude oil $77/bbl, the national average price of gasoline is now $3.21 per gallon, and could by next week climb to its ...

Israel's strikes on key points of Iran's energy infrastructure have disrupted the stability of global oil and gas supply and ...

Rather, it is geopolitical factors—specifically, escalating tensions in the Middle East—that are unsettling markets and ...

As tensions in the Middle East escalate to a dangerous new chapter, concerns are arising as to how developments could affect ...

The International Monetary Fund’s first deputy managing director Gita Gopinath also discussed the impact of the United States’ tariffs on the world economy, in a wide-ranging interview with CNA’s ...

Keir Starmer said alongside the human toll of the Middle East clashes the impact of rising oil prices should not be ...