About a fifth of the world's total oil consumption passes through the Strait of Hormuz, a critical waterway between the Gulf ...

Markets are concerned about Iran's frequent threats to blockade the Strait of Hormuz, just as the US heads into peak summer ...

The International Energy Agency tweaked its global oil demand forecast, now expecting demand to rise by 720,000 barrels a day this year versus 740,000 barrels previously, citing weak second-quarter ...

COPENHAGEN: Shipping company Frontline said on Tuesday its oil tanker Front Eagle was involved in a collision near the Strait ...

Oil prices experienced a significant increase after US President Donald Trump called for the evacuation of Tehran amidst escalating conflict with Israel.

Probal Sen suggests a 'wait and watch' approach regarding the impact of geopolitical turmoil on crude price estimates. While current market fundamentals appear bearish, escalation risks, particularly ...

Front-month WTI crude oil futures were last 1.2% higher at $72.60 a barrel. Brent crude futures were up 1.3% at $74.15 a barrel. Both benchmarks flitted between gains and losses in the latter half of ...

The United Arab Emirates coast guard said Tuesday it had evacuated 24 people from an oil tanker following a collision between two ships in the Gulf of Oman, near the Strait of Hormuz. British maritime ...

Oil prices rose on Tuesday, with analysts saying that uncertainty would keep prices elevated, even as there were no concrete ...

The Emirati national guard said it evacuated 24 people from an oil tanker Tuesday after a collision between two ...

--Brent crude and WTI were both up 1.3% at $74.20 a barrel and $72.70 a barrel respectively, amid concerns about supply via the Persian Gulf's Strait of Hormuz--a key energy shipping route where ...

The Emirati national guard says it has evacuated 24 people from an oil tanker after a collision between two ships just east of the world’s most critical oil chokepoint, the Strait of Hormuz ...