Iran and Oman are finalizing an agreement concerning the Strait of Hormuz. This potential deal could reopen the vital waterway and ease glo...

US President Donald Trump reported very good discussions with Iran on Tuesday. Hopes for reopening the Strait of Hormuz boosted Asian marke...

Trump described negotiations with Iran as "very good". Mediators in Qatar indicated progress toward ending the Iran war, though Tehran deni...

Oil prices dipped again on Wednesday following as discussions aimed at reopening the Strait of Hormuz progressed. Traders are keenly watchi...

Global oil inventories have significantly depleted since the US-Israeli war with Iran began. Saudi Aramco's chief stated that replenishing ...

Oil prices experienced a significant decline on Tuesday, falling over five percent. Hopes for a diplomatic resolution to the West Asia conf...

Qatar is mediating a draft proposal to restart United States and Iran talks. This initiative aims to de-escalate current tensions and preve...

US-Iran war news: Confusion reigns as the United States and Iran send mixed messages about their negotiating status. President Trump insist...

Oil prices saw a slight increase on Tuesday after significant Monday losses. Supply risks in the Middle East resurfaced as diplomatic hopes...

Oil prices saw a slight rebound on Tuesday after earlier declines. Concerns over Middle Eastern supply remain high due to U.S.-Iran tension...

Brent crude futures fell $4.37, or 5%, to $83.56 a barrel, while U.S. West Texas Intermediate crude declined $4.63, or 5.5%, to $80 a barre...

Producers are using their own vessels or fixed contracts to ensure oil delivery. This activity is crucial for global oil markets, which rel...

Iran's Revolutionary Guards reported striking two oil tankers in the Strait of Hormuz. These vessels were reportedly under the air escort o...

Saudi Arabia is seeking to spearhead a coalition to enhance defense cooperation in the Bab El-Mandeb Strait, the Red Sea and the Gulf of Ad...

Brent crude futures were down $1.29, or 1.42%, at $89.45 a barrel. U.S. West Texas Intermediate (WTI) crude slipped 56 cents, or 0.66%, to ...

Oil prices saw a decline as tankers continued to move out of the Middle East. Escalating tensions and expanded conflict fronts are impactin...

Discounts on Russian Urals crude oil delivered to India have dropped significantly this week. Stronger demand from Indian refiners is linke...