President Trump reportedly rejected Iran's offer to end the U.S. blockade and open the Strait of Hormuz, sending crude oil prices surging 6%.

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Brent crude rises for eighth-straight day as US president says he will keep naval blockade in place

The BBC takes a look in charts at what the UAE's departure could mean for the oil cartel and more widely.

The price of crude oil has swung sharply as uncertainty over the war in the Middle East continues.

Iran is running out of places to put its oil — and in just a few weeks, global crude supply could take another hit that few investors are prepared for.

Oil rises, stocks dip with Iran, earnings and Fed in focus

OPEC+ set to raise oil output quota despite war impact on exports, Reuters reports

Canola futures rise on crude oil surge

The latest move higher comes amid reports that the U.S. will look to extend its blockade of Iranian ports.

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It will take many months for Middle East gas and oil volumes to fully recover from the U.S./Israel-Iran conflict, even if all hostilities stop today. In the cas

The Middle East’s oil production and the global economy will take months and even years to recover from the worst crude supply shock in history. Two months afte

Oil prices are extending their gains early on Wednesday, with Brent jumping to over $114 and WTI exceeding $103 per barrel, as oil market participants weigh the

TotalEnergies (NYSE: TTE) is raising its interim dividend by 6% as first-quarter earnings jumped by 30% from a year earlier, pushed up by the spike in oil price

The U.S. continues to seek to pile pressure on Iran with the naval blockade outside the Strait of Hormuz as the Trump Administration signals the blockade is yie

Crypto majors rebound ahead of FOMC, despite oil surging, while Polymarket is making a push to enter the U.S.

The exit of the United Arab Emirates is the most significant in a series of departures from the oil cartel in recent years.

The national average price of a gallon of gasoline hit $4.23, following oil prices upward as supplies from the Middle East remain disrupted.

People can apply for a £150 grant if they are running out of heating oil, a council says.