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

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.

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 ...

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,

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.

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

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.

The Iran war has forced oil producers in the Middle East to cut supply, putting further upward pressure on crude prices.