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 ...

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 ...

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

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 ...

Oil prices have sustained an upward rally as Brent Crude hit $76.10 per barrel, raising hope for higher reserves accretion, stable naira and elevated dollar liquidity, Daily Trust can report.The ...

Finance Minister Sri Mulyani Indrawati on Tuesday expressed concern over the potential impact of the ongoing hostilities ...

The ongoing Israel-Iran conflict could trigger global instability, spike oil prices, disrupt trade routes, increase inflation ...

Rachel Reeves admitted a 10 per cent spike in oil and gas costs and threats by Tehran to close the Straits of Hormuz was a ...