Los Angeles Magazine

Gas Prices Rising in Los Angeles as Middle East Conflict Shakes Oil Markets

Rising tensions in the Middle East are driving oil prices higher, sending gas prices climbing across Los Angeles and Southern California.

Oil supertanker rates hit all-time high as insurers drop war risk protection in the Middle East

The cost of hauling crude oil from the Middle East to China rose more than 94% to hit a record high of $423,736 per day on Monday.
Crude Oil Prices

Iran Warns No Oil Will Leave the Middle East Until U.S. and Israeli Attacks Stop

Iran has warned that “not a litre” of oil will be exported from the Middle East until the United States and Israel stop bombing it. The warning comes on the heels of statements made by President Trump that the war would be over “very soon”, which ...

Oil falls as Trump predicts Middle East de-escalation

By Anushree Mukherjee and Emily Chow SINGAPORE, March 10 (Reuters) - Oil prices fell on Tuesday after hitting a more than three-year high in the previous session as U.S. President Donald Trump predicted the war in the Middle East could end soon,

5 Big Takeaways From the Middle East Energy Shock

It’s tough to say where oil prices go next as the war with Iran enters its second week. Beyond the volatility, the key for energy investors is where prices settle after the fighting winds down.

Middle East crisis live: Israel warns it will pursue Iran’s next supreme leader; black smoke smothers Tehran after missiles strike oil depots

Israeli military said it would also target every person who seeks to appoint a successor for killed supreme leader Ali Khamenei

Missile Fire Hinders Middle East Rescue Flights as Airspace Edges Open

Emirati airlines resumed some flights to ⁠global ⁠cities from the war-hit Gulf on Friday, but a ⁠Lufthansa jet that was headed to the region diverted over safety fears and an Air France repatriation flight was forced to ​turn back due to missile fire.