Iran is OPEC's third-largest producer, extracting about 3.3 million barrels per day (bpd) of crude oil. But more crucially, about 19 million bpd of oil and oil products move through the key Strait of ...

The narrow Strait of Hormuz has been a vulnerability in the global oil supply network for decades. Here we go again.

Gas prices across the region have spiked in the past few days, and they could rise 30 cents more before July Fourth.

U.S. gas prices are likely to climb higher, starting this week, as the conflict between Israel and Iran intensifies.

The recent military clash between Iran and Israel has sent shockwaves through global energy markets, causing oil prices to ...

Gas prices in New Jersey are on the rise, spiking seven cents in the past week due to tensions in the Middle East, with ...

Oil prices could surge from a current level of about $73 per barrel up to $120 per barrel if the Israel-Iran conflict damages Iranian oil infrastructure or impedes the passage of some oil tankers in ...

As the conflict between Israel and Iran intensifies, speculation is rising about whether the Iranians will close the Strait ...

Stocks edged higher as rising tensions in the Middle East fueled concerns of disruption in the Strait of Hormuz, through which roughly one-fifth of the world's petroleum is ferried. Meanwhile, ...

Market Talk 0911 ET - Heat arriving across the U.S. following an extensive period of rain in many areas continues to boost natural gas futures, with the most-active contract up 1.6% to $3.914 per ...

Despite the strategic importance of the Strait of Hormuz, oil markets currently show little reaction to escalating regional ...

A surge in world oil prices because of the Iran war may not be a windfall for Latin American oil producers. Here’s why.