Iran has long warned that if it is attacked directly, it would retaliate by closing or disrupting the Strait of Hormuz, ...

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

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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 ...

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.

Investors didn't read the two-week delay as a push for peace that will avoid the most catastrophic outcome, but rather as ...

Goldman Sachs said markets are estimating a 65% likelihood of the U.S. intervening in the Middle East, though added there's a ...

"By making this adjustment, we observe that prices tend to stay high for a few months, generally 6 months (excluding the first Gulf War in 1990) or around 4 months (including the first Gulf War), ...

Analyst Kristoffer Barth Skeie sees the escalation in the Middle East affecting market rates going forward. “LPG is now very ...

A decade ago, the rest of the Middle East had nearly as much economic reason to fear Iran as it did militarily.

A collision between two oil tankers just east of the world's most critical oil choke point, the Strait of Hormuz, could bring ...