LONDON, United Kingdom — Oil prices soared above $100 and stock markets extended losses as Iran’s new supreme leader ordered the Strait of Hormuz to be kept closed. Concerns about a long, drawn-out ...

The Australian government will reduce the minimum stock requirements of petrol and diesel for fuel companies to help their ...

TEHRAN: The attack on the Thai bulk carrier Mayuree Naree in the Strait of Hormuz on March 11 has spotlighted the Shah family, the owners of the vessel and one of Thailand's wealthiest business ...

The US is lifting its sanctions on Russian oil for about four weeks to relieve surging prices. Scott Bessent said the move would "not provide significant financial benefit" to Russia. Sanctioning ...

President Donald Trump is heading toward a vexing crossroads in Iran. He can’t honestly declare victory; he seems to be losing control of an expanding war; and the strategic and economic consequences ...

The Pentagon and National Security Council significantly underestimated Iran’s willingness to close the Strait of Hormuz in ...

The U.S. is temporarily allowing the purchase of Russian oil that's already at sea, in the Trump administration's latest move to loosen sanctions on Russia's oil industry as the world grapples with ...

President Donald Trump and Iran’s new supreme leader both struck defiant tones on the 13th day of the war, offering little ...

The war in the Middle East is now causing the "largest supply disruption in the history of the global oil market," according ...

It was only last month, in his State of the Union address, that Trump bragged about gas prices at $2.30 a gallon, a figure that has since soared more than 50%, according to AAA.

DUBAI, United Arab Emirates (AP) — Iran’s secretive new supreme leader vowed Thursday to keep up attacks on Gulf Arab ...

Iran has escalated its attacks aimed at generating enough global economic pain to pressure the United States and Israel to end the conflict.