Oil prices dropped dramatically Tuesday after a ceasefire was agreed between Israel and Iran, putting a pause to 12 days of tension in the Middle East.Brent Crude, which surged sharply after the ...

Oil prices climbed more than 3% on Tuesday in the immediate aftermath of an Iranian missile attack on Israel. The spike in prices is expected to push up the price of U.S. gasoline, experts told ...

The Ministry of Investment, Trade and Industry (MITI) said the recent Iran-Israel armed conflict led to a surge in global oil prices, which in turn increased the cost of raw materials and logistics.

Oil prices amid conflict Amjad Bseisu, CEO of UK-based EnQuest, labeled 2025 as “the year of volatility” and noted that the conflict between Israel and Iran is “another step up.

The U.S. Energy Information Administration (EIA) has slashed its Brent crude oil price forecast. In its August Short-Term Energy Outlook, it expects global oil prices to fall from $71 per barrel in ...

Shell’s chief said it took a “prudent” approach to trading wild oil price swings triggered by geopolitical upheaval including the war between Israel and Iran, in contrast to rivals that capitalised on ...

Oil prices surge 9% on heels of Israeli strikes, set for largest single-day gains in about five years Crude oil futures jumped as much as 13% Thursday evening after Israel launched airstrikes ...

In June, Israel launched air strikes on Iranian nuclear sites, a rare move that raised concerns about oil supply disruptions, given that Iran exports around 2.6 million barrels of oil per day.

President Trump on Monday called for oil prices to stay low after the weekend U.S. strike targeting Iran’s nuclear facilities. “EVERYONE, KEEP OIL PRICES DOWN. I’M WATCHING! YOU’RE PLAYING ...