Motorists are paying sharply higher fuel prices since the outbreak of the Iran war, despite the U.S. being the world's largest oil producer. Why? After all, as of 2023 (the latest data available), the ...

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President Trump ordered the release of 172 million barrels of oil from the United States' Strategic Petroleum Reserve on Wednesday, after oil prices rocketed to their highest levels in years amid the ...

President Trump argued the U.S. benefits when oil prices go up on Thursday amid growing concerns over the impact of Washington’s operation in Iran on energy costs. “The United States is the largest ...

Oil prices have surged past $100 a barrel amid the fallout from the United States and Israel’s war on Iran. Brent crude, the international benchmark, rose by more than 30 percent on Sunday, at one ...

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 ...

The halt to oil and gas shipments through the strait is the nightmare scenario for the global energy system and represents one of the most serious disruptions to energy supply ever suffered. Spare ...

The latest Middle East tensions shed light on how the world's three largest oil consumers have taken different approaches to energy. China has gradually increased the share of renewables in its total ...

The volatility in energy markets because of the war in Iran could not come at a better time for President Vladimir V. Putin. By Paul Sonne Reporting from Berlin The Trump administration has started to ...

NEW YORK (AP) — As the war in Iran ratchets up, the price of crude oil has been swinging sharply. Consumers are already feeling the effects of the war and its destabilizing effect on worldwide energy ...