Prices to charter large oil tankers soar as Strait of Hormuz traffic grinds to a halt
Charter rates nearly doubled in recent days and are up fivefold since the start of the year.
Americas heavy crude prices hit multi-year highs as Iran conflict disrupts oil markets
Prices for heavy crude produced in the Americas surged to multi-year highs on Wednesday, as the U.S.-Israeli attacks on Iran stymied exports of similar oil produced in the Middle East.
U.S. and European stocks rebound as oil prices retreat despite escalating war with Iran
The U.S. stock market is rebounding Wednesday from two days of punishing swings after oil prices stopped spiking and reports gave encouraging updates on the economy.
EXCLUSIVE: Burgum in Venezuela to unlock minerals and oil wealth
FOX Business' Edward Lawrence travels with U.S. Interior Secretary Doug Burgum to Venezuela as he looks to create rare earth mineral mining business partnerships. #foxbusiness #varneyandco
Oil prices surge to 18-month high as Middle East conflict escalates. Here's what it means for your gas prices
Oil prices are on the rise, hitting an 18-month high as of Tuesday as the conflict between the United States, Israel, and Iran continues.
U.S. Crude Oil Stockpiles Post Weekly Increase
Oil inventories, excluding the Strategic Petroleum Reserve, rose by 3.5 million barrels. Analysts expected inventories to have risen by 1.6 million barrels.
Bessent pledges more U.S. support for Gulf oil trade. Here's what the White House could do next.
The Trump administration is pledging more support for the oil trade in the Persian Gulf after unveiling a pair of measures on Tuesday.
Crude Oil Price Analysis – Crude Oil Continues to Move on Headlines
Headlines will continue to be the main driver here in the oil markets, as supply disruptions are by far the biggest worry.
Gas Prices Top $3.19 Days Into Iran Conflict—Here's The Latest
While Iran is estimated to produce less than 5% of the world's oil, it has major influence over the Strait of Hormuz, through which more than 20% of the world's daily oil demand flows. Iran has already fired on some ships in the strait and traffic through the passageway is at a standstill.
Treasury Secretary Bessent says U.S. will make 'series of announcements' to support oil trade in the Gulf
Treasury Secretary Bessent says U.S. will make 'series of announcements' to support oil trade in the Gulf
Oil prices move back to multi-month highs as Iran war disrupts supply
Goldman warns cost of crude could hit $100 a barrel
Oil could hit $100 if volumes from this key passageway don't ramp soon, says Goldman Sachs
The banking giant upgraded short-term Brent crude prices by $10 a barrel to $76.
