The Houthis claimed to have attacked two ships in the Red Sea, and Iran said a third caught fire near the Strait of Hormuz.

Brent crude rose to over $98 a barrel following the news that the rebel group attacked the vessels in the Red Sea.

Yemen's Houthis said they had targeted two Saudi oil tankers with drones and missiles for allegedly violating its maritime blockade.

U.S. Treasury yields advanced on Wednesday, following oil prices higher, as traders reacted to a slump in weekly claims for unemployment insurance.

US equity markets were tracking in the red before the opening bell Thursday and oil prices rose amid

Houthi attacks on two Saudi tankers in the Red Sea sent Brent crude above $98 a barrel, adding to pressure from weak Alphabet and Tesla results

futures fell as oil prices hit $90 while Google and Tesla retreated on earnings and heavy capital spending. But AI hardware plays rose.

Stock Market Today: The Dow Jones index dropped 300 points Thursday as Alphabet and Tesla stock dived on earnings. Oil prices jumped.

(Updates with economic data, recent oil price movement, world markets' overview and corporate stock

It’s “the most car-like Range Rover ever created,” but will this all-electric grand tourer spoil Jaguar’s Type 01 party?

Anthropic and OpenAI's aggressive 2026 acquisition sprees set the stage for a weekend rumor.

India's biggest state refiners are no longer willing to gamble on the Strait of Hormuz. Indian Oil Corp. and Mangalore Refinery & Petrochemicals have suspended

Following a drone attack on the Caspian Pipeline Consortium (CPC) terminal along the Black Sea Coast, Kazakhstan has newly confirmed a halt to crude transfers t

Norway's crude oil production beat official forecasts in June as offshore fields returned from seasonal maintenance, delivering a stronger-than-expected increas

The American Petroleum Institute (API) estimated that crude oil inventories in the United States rose by 2.603 million barrels in the week ending July 17. In th

China’s demand for crude oil imports and the pace of its refined products exports will help shape the trend in oil prices through the end of the year, alongside

Oil prices continued to climb in early Asian trade on Wednesday as the renewed hostilities between the United States and Iran showed no signs of slowing. At the

The impact of the war between the United States and Iran on oil-importing nations in Asia could last years or even decades because of these countries’ heavy dep

Surging oil prices have led to a significant increase in Japan’s import bill, hitting an all-time high last month of $89.46 billion, Reuters has reported, citin

China produced a record amount of crude oil last year, at 216 million tons, with natural gas production also rising substantially, the National Energy Administr