Any renewed geopolitical escalation or prolonged disruption to tanker traffic could keep prices elevated, while sustained high oil prices also risk fuelling inflation and increasing diplomatic ...

The oil price spiked near $120 after strikes on Iran's energy sites and the shutdown of the Strait of Hormuz. With tankers stuck and Gulf oil facilities hit, producers are running short on storage to ...

Iran fired drones towards Saudi Arabia and Kuwait early Tuesday. Saudi Arabia’s defence ministry said it destroyed two drones over the kingdom’s oil-rich eastern region. In Kuwait, the National Guard ...

DUBAI, United Arab Emirates (AP) — U.S. President Donald Trump said Monday that the war against Iran could be short-lived, ...

China's message for its anti-American friends/partners is clear: China hopes they will continue to oppose the US, but it does not want them to court trouble by directly clashing with the US.

Iran ramps up its offensive in the Gulf as tensions rise near the Strait of Hormuz, signals readiness for a potential US ...

We have closed this page, but you can follow our ongoing live coverage of the war in the Middle East here Global oil prices ...

Iran has fired more drones and missiles at Gulf Arab countries as it keeps up pressure on the Middle East in a war that has sent oil prices surging and stunned global economies.

Eleventh day of the conflict between Iran, the United States, and Israel. While U.S. President Donald Trump claims that the war against Iran is in its final phase, Tehran denies this and declares that ...