Oil prices decline after nearly hitting $120 as Trump says U.S. considering taking over Strait of Hormuz

Gulf Arab oil producers are cutting production as they run out of storage space because they can't export through the Strait of Hormuz

Oil prices stay high despite US temporarily lifting sanctions on Russian oil stranded at sea

Oil prices traded around the highest levels since 2022 Friday, shrugging off the Trump administration’s earlier decision to temporarily allow the delivery and sale of sanctioned seaborne Russian crude – a waiver aimed at mitigating a surge in prices following its attacks on Iran.

Markets are reeling from high oil prices. But that doesn't mean more drilling.

The war in Iran has sent oil futures soaring, but analysts say the run-up in prices is unlikely to translate to more drilling activity — at least in the short term.

US stock market remains calm, even as oil prices rise

The U.S. stock market remained calm Wednesday, even as the price of oil got back to rising. Related Articles. Massachusetts in

The Latest: Crude oil hits $100 a barrel as Iran vows to keep fighting after 6,000 US airstrikes

Iran’s Supreme Leader Ayatollah Mojtaba Khamenei issued his first statement on the war on Thursday, saying Iran should close the Strait of Hormuz and keep attacking its Gulf Arab neighbors as

US issues 30-day sanctions waiver for purchase of Russian oil at sea

By Ismail Shakil and Gleb Bryanski March 13 (Reuters) - The United States issued a 30-day waiver for countries to buy sanctioned Russian oil and petroleum products currently stranded at sea, in what Treasury Secretary Scott Bessent said was a step to stabilize global energy markets roiled by the Iran war.