Saudi forces intercepted more than two dozen drones Friday after Iran vowed to attack oil resources in the Middle East and said it would maintain a chokehold on the Strait

The degree to which the IEA acted is being interpreted that the conflict could continue for many weeks, said analysts.

The US said it would allow countries to buy Russian oil stranded at sea in an effort to keep a lid on rising energy prices. A US refuelling aircraft went down after an incident in

The Hong Kong government has been urged to negotiate with oil giants to stabilise fuel prices, as some residents have resorted to buying illicit fuel amid soaring oil costs. Lawmaker Holden Chow, vice chair of the Democratic Alliance for the Betterment and Progress of Hong Kong (DAB),

The cost of hauling crude oil from the Middle East to China rose more than 94% to hit a record high of $423,736 per day on Monday.

For lawmakers, the price spikes underscore the fragile backdrop of this year’s budget negotiations, which are unfolding amid debates over affordability and proposed tax changes.

Bangladesh has requested permission from the United States to purchase oil from Russia in an attempt to address an energy supply crunch triggered by the Middle East crisis, a senior minister said on

House Republicans are urging President Trump to block profits from a major Russian oil company as Iran turmoil pushes gas prices higher across the U.S.