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Crude futures were lower and ING said the market’s biggest fear is the Strait of Hormuz shutting down, with significant disruption to oil flows sufficient to push prices to $120 a barrel.
US stock futures fell as investors braced for ongoing Israel-Iran hostilities that could draw in the US, along with the ...
Thick black smoke can be seen pouring from the blazing ship, which is believed to be a “dark fleet” oil tanker which had been making its way through the Persian Gulf ...
Business entities using the Mombasa port are holding onto hope that the Israel-Iran war will not escalate into a damaging ...
Iran’s allies, the self-described “Axis of Resistance,” have been severely hurt by ongoing Israeli attacks since the Oct. 7, ...
Danger Looms as Iran Threatens Global Oil Supply** As tensions escalate in the Persian Gulf, recent analyses reveal that Iran is poised to potentially disrupt a staggering fifth ...
The Israeli attack on the Iranian military leaders and nuclear sites caused a war between the two countries, destabilizing ...
US officials said Iran would not need lengthy preparations to attack US bases. The US military in the Middle East has been put on high alert. The US has more than 40,000 troops deployed in the Middle ...
Two oil tankers collided and caught fire near the Strait of Hormuz Wednesday night. Electronic interference was reported in the region.
Amid the ongoing tensions between Israel and Iran, ExxonMobil's CEO says there's enough spare capacity to offset any Iranian ...
Two giant ocean-going tankers collided and caught fire near the Strait of Hormuz energy chokepoint, rattling global oil and shipping markets that have been on high alert since Israel attacked Iran.
Oil futures jumped fast on Tuesday after Donald Trump went online and fired a direct threat at Iran’s Supreme Leader. West ...
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