Iran is seriously considering closing the strategic Strait of Hormuz after launching missile attacks on Israel, threatening a key route for oil, gas supplies.

Although the U.S. is a net oil exporter, higher oil prices could increase inflation and lower economic growth.

Oil prices hit a five-month high as Iran and Israel traded missile attacks, leading to warnings that consumers could be hit ...

For one thing, early reports indicate the air strikes did not hit Iran’s petroleum facilities, which means the Islamic ...

Global Energy Show Canada attendees enthusiastically repeated positive oil forecast despite reports showing steep drop over ...

Brent crude oil futures gained $4.87, or 7.02%, to settle at $74.23 a barrel after earlier soaring over 13% to an intraday ...

At a two-day meeting ending Tuesday, the Japanese central bank is widely expected to maintain its policy rate at 0.5%, the level it has been at since the last hike in January, before trade frictions ...

A sustained rise in the price of crude oil, which jumped sharply after Israel attacked Iran, could hurt consumers and ...

The price of oil surged Friday in one of the market’s largest single-day increases in years, reflecting fears that a wider ...

In an escalation of Middle East tensions, Israeli aircraft and drones launched early-morning strikes across Iran on Friday, ...

Also, U.S. inflation data eased, defying fears that tariffs would start to drive up prices. Consumer prices were up 2.4% in May from a year earlier, in line with expectations. Month over month, the ...