Crude oil rose to 14% after Israel launched a major attack on Tehran, targeting nuclear and military facilities. WTI and Brent prices closed at $72.98 and $74.23 per barrel, up 7.26 and 7.02% ...

Despite not relying on Iran for its oil supplies, petrol and other prices in Australia will rise due to the global impact of ...

Global financial markets and energy supply chains have been rattled by a sudden escalation in Central Asia tensions, as Israel launched strikes on Iranian military and nuclear sites, triggering ...

A new wave of conflict in the Middle East spilled into Iran’s energy sector over the weekend, as Israel launched an attack on a major gas facility connected ...

Geopolitical tensions boost oil market prospects. Find out how the Israel-Iran conflict may drive crude prices above $100 and ...

Global fuel prices have started to surge in the wake of the Iran-Israel conflict, with Brent crude futures rising 9.07% or $6.29 to reach $75.65 per barrel. At one point, prices peaked at $78.50 per ...

Continuation of the conflict in the region and closing of the Strait of Ormuz may lead to serious economic shocks, Deputy Prime Minister and Foreign Minister of Iraq Fuad Hussein said ...

Here are a five worst case scenarios for global oil markets, split between what Israel and Iran may do next in an ...

NEW YORK (Reuters) -Dual risks kept investors on edge ahead of markets reopening late on Sunday, from heightened prospects of ...

An Iranian lawmaker said closure of the Strait of Hormuz, a critical chokepoint in the global energy trade, was under serious ...

The country’s exports mostly come from Kharg Island in the Persian Gulf. But Israel’s energy facilities are also at risk.

Iran last threatened to close the Strait in April 2024, as it has done on several previous occasions. Shipping was targeted ...