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Oil briefly surpassed $126 a barrel Thursday, its highest price in four years, as some traders worried about an escalation in the US-Iran war that would keep the Strait of Hormuz effectively shut.

Oil prices are soaring amid the ongoing impasse in peace talks between the U.S. and Iran, prolonging the closure of the Strait of Hormuz and U.S. Navy blockade. The supply disruption has caused a ...

The Phillips 66’s Wood River refinery and Marathon Petroleum's Robinson refinery have been offline. One analyst predicted gas prices could go up 65 cents an gallon. A group warned crude oil prices ...

CARACAS, April 28 (Reuters) - Italy's energy producer Eni (ENI.MI), opens new tab on Tuesday signed an agreement with Venezuela's oil ministry and state-run oil company PDVSA ‌to relaunch a heavy ...

Copyright 2026 The Associated Press. All Rights Reserved. Copyright 2026 The Associated Press. All Rights Reserved. The decision by the United Arab Emirates to leave ...

Iran is rapidly running out of space to store its oil as President Trump continues his naval blockade in the Strait of Hormuz — which could lead to “irreversible” damage to the regime’s biggest ...

Iran said on Tuesday that the United States was no longer able to "dictate" what other countries do, as Washington weighed a new proposal from Tehran on ending the Middle East war. "The United States ...

See more of our trusted coverage when you search. Prefer Newsweek on Google to see more of our trusted coverage when you search. The worst-affected locations appear to be Colorado and Wyoming, as ...

This voice experience is generated by AI. Learn more. This voice experience is generated by AI. Learn more. A crude oil tanker in Qingdao, China. (Photo: Yu Fangping/Feature China) The past trading ...

The Breakwave Tanker Shipping ETF (BWET) has surged more than 600% since the beginning of the year, vastly outperforming fundamental energy trades like crude oil, which is up around 60% in the same ...

Iran is scrambling to get a massive crude carrier to Kharg Island, in a sign that President Trump’s blockade is bringing the regime’s oil-critical hub — which controls roughly 90% of Iranian crude oil ...