Head of world’s energy watchdog says it will take time for markets to recover from ongoing crisis in strait of Hormuz The world’s energy watchdog will consider releasing further emergency crude stocks ...

Japan has begun releasing oil from its emergency reserves amid the global energy crisis sparked by the effective closure of the Strait of Hormuz by Iran in response to US-Israeli attacks. The release ...

More than 400 million barrels of oil from emergency reserves coordinated by the International Energy Agency will begin entering global markets soon as governments attempt to calm the sharp rise in ...

The International Energy Agency said oil from an unprecedented stockpile release will be made available immediately in Asia, where buyers are clamoring to replace barrels lost to war-related ...

Hundreds of tankers sit idle on both sides of the Strait of Hormuz as Iran has effectively closed the waterway, pushing oil prices above $100 – the highest since 2022, after the start of the ...

Closure of the Strait of Hormuz has choked off some 20% of global oil supply, forcing Gulf producers to cut output by roughly 10 million barrels/day and shutting some refining capacity. Physical crude ...

Wall Street’s losses deepened Friday as the ongoing fallout from the war in Iran keeps pushing oil prices higher, ratcheting up inflationary pressure on the global economy. SpaceX files initial ...

Shortages have a ‘buffering’ effect, with time lags, so the war’s price shock may last even after Iran’s choke eases. (Reuters / Dado Ruvic / Illustration) The 32 member countries of the International ...

Investing.com — U.S. President Donald Trump announced on Friday that American forces have "obliterated" every military target on Iran’s Kharg Island, the country’s primary crude export hub, in one of ...

Here is a look at what happened in oil markets in the week of March 9-13 and what the focus will be in the days to come. OVERVIEW: Brent crude trades above $100 a barrel following a highly volatile ...

Oil hit $100 a barrel on Thursday after Iran stepped up attacks on tankers. The latest tensions have overshadowed the IEA's historic release of oil reserves. Stocks dropped on Thursday as oil's latest ...

Stocks slid and oil prices again topped $100 a barrel on Thursday as Iran continued its attacks on U.S allies in the Persian Gulf and ships in the region. "Iran's strategy of sowing economic chaos in ...