Oil prices have dropped roughly 2%, influenced by signs of diplomatic advancement between the US and Iran concerning the Strait of Hormuz. ...

Iran awaited a US response to its proposal to reopen the Strait of Hormuz and halt fighting across the Middle East, after the Wall Street J...

Saudi Arabia, Turkey and Pakistan will hold an urgent, high-level meeting under a joint defence pact to discuss ways to support the kingdom...

Brent crude futures fell 94 cents, or 0.9%, to $102.13 a barrel, while West Texas Intermediate futures declined 59 cents, or 0.7%, to $91.5...

Oil prices dropped after a previous increase, with Brent crude futures falling by 0.9% to $102.13. Iran expressed willingness for diplomati...

US diesel futures fell significantly following reports of a potential 90-day export ban. President Donald Trump expressed his support for t...

Iraq has ordered the suspension of Iranian flights to Baghdad airport starting Wednesday at midnight. This decision follows US threats of s...

Oil prices experienced a decline as Saudi Arabia resumed its key pipeline operations to the Red Sea. This development, coupled with rising ...

US President Donald Trump has expressed support for a possible ban on diesel exports. This measure aims to address the escalating energy co...

Iranian Foreign Minister Abbas Araghchi arrived in New York for the UN General Assembly session. President Masoud Pezeshkian will also atte...

The United States proposed a $5 billion fund for Middle Eastern energy infrastructure. This initiative aims to reduce reliance on the Strai...

United States Treasury Secretary Scott Bessent warned Iranian airlines face international shutdown. Foreign companies providing services ri...

Sea lane disruptions in the Red Sea and Persian Gulf impact India's oil imports significantly. India faces challenges securing oil from Wes...

US Treasury Secretary Scott Bessent said Iranian airlines would face a shutdown from September 23 through the threat of secondary sanctions...

Qatar condemned Houthi missile strikes targeting Saudi Arabia's sovereignty and civilian infrastructure. The United States urged Americans ...

Iran's Atomic Energy head is not expected at the IAEA conference. He faces an international travel ban, impacting relations with the West. ...

The Houthis have seized control of Perim island, significantly affecting a crucial shipping corridor. Additionally, a drone strike originat...