Warning comes as 400 million barrels of oil are being released from global reserves during waterway’s closure.

Based on Bloomberg's macro forecasting model, oil at $108 per barrel adds about 0.8 percentage points to US inflation by year ...

CHICAGO (AP) — Oil prices spiked near $120 per barrel before falling back Monday as the Iran war intensified, threatening production and shipping in the Middle East and pummeling financial markets.

Brent crude is back in crisis mode. Prices have rocketed toward $120 a barrel in just days, reviving comparisons with the oil shocks of the 1970s as traders scramble to price in what a prolonged ...

The members of the International Energy Agency will release 400 million barrels of oil, the largest such coordinated action on record.

A spokesperson for Iran's military command reportedly warned the world to “get ready” for oil to be $200 a barrel, which ...