Oil prices have tumbled back toward $60 per barrel. This is a dramatic reversal from the crisis-driven surge that gripped ...

The Ministry of Investment, Trade and Industry (MITI) said the recent Iran-Israel armed conflict led to a surge in global oil prices, which in turn increased the cost of raw materials and logistics.

Ole Hansen, Head of Commodity Strategy, Saxo Bank The global crude oil market continues to navigate a complex web ...

The Trump–Putin Alaska meeting carried strong symbolism but little substance for energy markets, as Russia’s production ...

In fact, they are so tense that the U.S. president appears willing to risk an oil price surge with secondary tariffs—and ...

A sustained surge in oil prices is likely to complicate the U.S. fight against inflation. A $10-a-barrel increase would boost year-over-year growth in the Consumer Price Index by 0.5 percentage ...

Zelenskyy warns oil price surge could help Russia’s war effort Ukrainian President Volodymyr Zelenskyy speaks to journalists during a press conference in Kyiv, Ukraine, on Wednesday, June 4, 2025.

NEW YORK — The recent surge in oil prices is forcing sharp increases in gasoline and other fuels that could cascade throughout the U.S. economy for months to come. Pump prices, which are already ...

KYIV, Ukraine (AP) — A sharp rise in global oil prices following Israeli strikes on Iran will benefit Russia and bolster its military capabilities in the war in Ukraine, Ukrainian President ...