crude oil News Updates

The strait saw 21 ships transit over the weekend as more governments negotiate to extract vessels, strengthening Tehran’s grip on the waterway.

The announcement marks the first significant details revealed publicly about the reinsurance program since the project’s formation almost a month ago.

Benchmark U.S. crude rose 11.4% to $111.54 a barrel. The price of Brent crude, the international standard, jumped 7.8% to $109.03 per barrel.

The price of Brent crude, the international standard, jumped 6.5% to $107.72. per barrel. Benchmark U.S. crude rose 11.3% to $111.44 per barrel.

Experts say differences in price aren’t typically decided by any individual gas retailer, and most of them aren't pocketing the extra pennies when prices rise.

Soaring fuel prices from the Iran war are forcing oil traders into longer, stranger journeys, sending cargoes on routes that would normally make little sense.

Stocks are rushing higher worldwide, and oil prices are easing April 1 as hopes build that the war with Iran could end soon.

With crude oil surpassing $100 a barrel, stopgap measures are helping, but they're not adding up to enough oil to replace what's stranded, experts say.

When Meg O’Neill takes over BP on April 1, Big Oil’s first female CEO will benefit from a war-driven surge in prices — but inherit a tough cleanup job.

Oil declined March 31 after Iran and the U.S. signaled openness toward a resolution in the conflict that’s upended global energy shipments.