The Strait of Hormuz, a narrow waterway off Iran’s coast now effectively closed by the war, is so vital for the global economy that governments are working on blueprints to speedily reopen it to oil ...

Oil prices continue to surge despite the International Energy Agency's plans to release 400m barrels into the market.

ISLAMABAD: The government has approved a set of proposals for oil price review on a weekly basis aimed at bailing out the oil industry from the risk of high premiums, insurance co ...

PARIS (AP) — A group representing many of the world’s wealthiest countries agreed Wednesday to release the largest volume of emergency oil reserves in its history, in a bid to counter the effects of ...

As the war President Donald Trump described as a “little excursion” stretched into a 12th day, Iran has shown it can trigger ...

The United Kingdom Maritime Trade Operations centre, which is run by the British military, said the vessel was hit off the coast of Oman in the strategic waterway.

Indian stock markets tumbled on Thursday to extend a sharp selloff, with Sensex dropping up to 950 points and Nifty 50 ...

Gold and silver prices fell amid a firmer dollar and renewed inflation worries which dampened hopes for near-term interest rate cuts. The US dollar firmed 0.2%, making dollar-priced commodities like ...

Iranian attacks on ships intensify after major countries agree to tap unprecedented emergency reserves to cushion the blow of ...

The President said the United States was working to keep energy supplies. President Donald Trump has said that US military action against Iran would help bring down global oil prices, telling ...

The International Energy Agency (IEA) is to recommend the release of 400 million barrels of oil, the largest such move in IEA history, three sources said on Wednesday, to try to restrain soaring crude ...

Donald Trump claims 'We won' on Iran but signals the US will stay to finish the job. Read more at straitstimes.com. Read more at straitstimes.com.