Oil prices dropped dramatically Tuesday after a ceasefire was agreed between Israel and Iran, putting a pause to 12 days of tension in the Middle East.Brent Crude, which surged sharply after the ...

The Ministry of Investment, Trade and Industry (MITI) said the recent Iran-Israel armed conflict led to a surge in global oil prices, which in turn increased the cost of raw materials and logistics.

The IDF’s announcement came just hours after a U.S. official said Iran was preparing imminently to launch a ballistic missile attack against Israel. The official said the U.S. was actively supporting ...

Shell’s chief said it took a “prudent” approach to trading wild oil price swings triggered by geopolitical upheaval including the war between Israel and Iran, in contrast to rivals that capitalised on ...

Iranian crude builds up offshore as over 30 million barrels float near Malaysia, the highest in more than five years.

Oil prices surge 9% on heels of Israeli strikes, set for largest single-day gains in about five years Crude oil futures jumped as much as 13% Thursday evening after Israel launched airstrikes ...

In June, Israel launched air strikes on Iranian nuclear sites, a rare move that raised concerns about oil supply disruptions, given that Iran exports around 2.6 million barrels of oil per day.

Oil Prices Rebound on Geopolitical Escalation. Crude oil markets spiked sharply last week after direct missile strikes between Israel and Iran raised fears of a broader regional w ...

Iran is facing a severe water and electricity crisis just weeks after a deadly war with Israel brought the country to a standstill. Although the extreme heat has eased, reservoirs are running dry, ...