Crude oil prices continue to face upward pressure as the conflict between Israel and Iran continues, raising concerns about oil supply disruptions from the Middle East.

Implied volatilities jumped higher across asset classes last week as Middle East tensions escalated. Click to read.

Takahiro Yamamoto, President & CEO of Taiyo Oil says oil price increase and supply disruption could have material impact on its business given 30-40% of its crude import comes from the Middle East region.

So far, Iran’s crude-exporting infrastructure has been spared, and most of the fallout has been confined to shipping. The market remains focused on any sign that Tehran may seek to disrupt crude flows across the Strait of Hormuz,

This latest iteration of the Middle East crisis is both familiar and unfamiliar. We’re all back obsessing about the oil price, yet we also know from the last few years that that same oil price has appeared somewhat impervious — oblivious?

The spiraling Israel-Iran conflict has conjured painful memories of oil shocks from past Middle East wars and boosted global crude prices. The rally extended Tuesday, pushing benchmark U.S. futures about 2% higher,

DRIVERS must be spared a fuel duty hike as tensions in the Middle East push up global oil prices, MPs have warned.  New figures show petrol prices rose to 132.1p a litre yesterday,