A prolonged closure of the Strait of Hormuz could push crude oil prices to as high as $200 per barrel and trigger a global recession, accor...

Brent crude has surged to $125 per barrel due to escalating West Asia conflict and severe disruption at the Strait of Hormuz, a key global ...

Iran's economy, known as the 'resistance economy', is facing severe impacts from the ongoing US-Israel war. Economic pressures are mounting...

Global finance leaders met amid Middle East war news. They acknowledged their limited ability to counter economic damage from frequent geop...

A U.S. operation in Caracas and plans to assume control of Venezuela’s oil assets have revived heavy crude flows, posing a direct competiti...

After the US raid that deposed Nicolas Maduro as Venezuela's leader, citizens hope the ensuing talks on selling its oil to the United State...

Asian markets reacted to Venezuela's political shifts, with crude oil prices dropping and resource stocks rising. Japan's shares dipped, wh...

The dollar remained stable ahead of key U.S. economic data, which traders deem more influential than geopolitical tensions. Markets largely...

Stock Markets are largely shrugging off events in Venezuela, after a U.S. raid led to the capture of President Nicolas Maduro.

Amid a mixed economic outlook, investors are “excited about any green shoots”

Brent crude oil futures were at $66.79 per barrel at 0022 GMT, down 29 cents.

International Brent crude oil futures were at $66.52 per barrel at 0755 GMT.

US crude oil inventories climbed by 1.3 million barrels in the week that ended Feb. 1

U.S. crude hit a 2019 high of $55.75 and was later up 33 cents at $55.59.

International Brent crude oil futures were 1 cent above their last close

Venezuela's economy has steadily deteriorated since the crash of oil prices in 2014 left it unable to sustain a socialist system of subsidi...

The country posts steady current account surpluses which, combined with strict capital controls, result in positive net asset positions.