West Asia’s truce is tenuous and relations between Iran and Israel remain tense, but the world has more oil than it needs. Gulf and US shale producers have upped production. Expect prices to slump as ...

Russia could benefit from an escalating situation in the Middle East, while China and Europe would see their economies suffer ...

(Reuters) -U.S. President Donald Trump said on Tuesday that China can continue to purchase Iranian oil after Israel and Iran ...

A relaxation of sanctions enforcement on Iran would mark a U.S. policy shift after Trump said in February he was re-imposing ...

Spot market activity has decreased, with teapot refiners particularly affected. Refining profits have hit multi-month lows, ...

Oil prices plunged to the lowest level in a week on Monday night as Iran launched a missile strike on a US military base in ...

Iran's parliament was reported to have backed a move to close the strait late on Sunday, threatening around a fifth of all ...

The intensifying conflict between Iran and Israel is raising serious concerns over the safety of global trade routes and ...

The Strait of Hormuz, a strategic location connecting the Persian Gulf to the Arabian Sea, faces potential closure. This ...