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Conflict between Israel and Iran has rekindled fears of a disruption to a narrow waterway key to the global economy.
Geopolitical shocks continue to impact the oil market as prices spike in response to the Israel-Iran conflict. With the US ...
Petroleum futures were down late Wednesday morning, despite a bullish government report that showed a large drop in crude oil stocks and higher gasoline and distillate demand in the week ended Friday.
Despite the strategic importance of the Strait of Hormuz, oil markets currently show little reaction to escalating regional ...
Oil futures have risen roughly 8% since the start of the Israel-Iran war. Analysts predict prices could go higher if Iran is ...
The Federal Reserve is expected to keep interest rates on hold while inflation continues to cool. Fed Chair Jerome Powell is expected to speak at 2:30 p.m. Follow along for live updates on the Dow, ...
The Strait of Hormuz, a narrow waterway at the mouth of the Persian Gulf, handles around 26% of the world’s oil trade and is ...
Oil prices could surge from a current level of about $73 per barrel up to $120 per barrel if the Israel-Iran conflict damages Iranian oil infrastructure or impedes the passage of some oil tankers in ...
Oil prices fell on Wednesday, after a gain of 4% in the previous session, as markets weighed up the chance of supply ...
This chart shows the volume of crude oil and petroleum liquids transported through world chokepoints in 2023 (in million ...
Amid rising tensions between Israel and Iran, Union Minister for Petroleum and Natural Gas, Hardeep Singh Puri, on Wednesday, ...
Bangladesh is likely to face disruptions in fuel imports, as the ongoing Iran-Israel conflict may affect the routes through ...