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 ...

Israel launched a barrage of strikes across Iran on Friday and Saturday, saying it had attacked nuclear facilities and missile factories and killed a swathe of military commanders in what could be a p ...

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 ...

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 ...

This post may contain links from our sponsors and affiliates, and Flywheel Publishing may receive compensation for actions ...

The national vibe was improving for a hot second. A new Middle East war and rising energy prices will scotch that.

Global oil prices spiked following Israel’s surprise air strikes on Iranian nuclear and military facilities. As of late June ...