Japan's top power industry official on Friday expressed concern about the risks of both price hikes and supply shortages of crude oil if recent Middle East tensions drag on, potentially dealing a ...

Oil prices initially surged by $8 per barrel, following Israel's strikes on Iran, but quickly settled around $5 per barrel.

To get a better sense of what’s driving the oil market and what economic risks might lie ahead, MM caught up with Rory Johnston, an oil market analyst at research service Commodity Context who’s been ...

After a week of relentless strikes and counter-strikes, the Iran–Israel conflict has escalated from covert proxy warfare to overt, devastating kinetic operations. Israel’s aggressive aerial campaign ...

The Brent Oil price has risen to a 5-month high of $79 per barrel due to a further escalation of the military conflict between Israel and Iran, which has been ongoing for a week, Commerzbank's ...

Iran has no legal authority to order a halt to traffic through Hormuz. To do so, it needs to do so by force. Read more at straitstimes.com. Read more at straitstimes.com.