The Emirati national guard says it has evacuated 24 people from an oil tanker after a collision between two ships just east of the world’s most critical oil chokepoint, the Strait of Hormuz.

Brent jumped as much as 2.2% before easing to trade near $73 a barrel, while West Texas Intermediate was below $72, after ...

Tensions between Iran and Israel are adding to the global economic uncertainty which impacts international trade.

Oil prices rose sharply on Tuesday after US President Donald Trump called for the evacuation of Tehran, raising fears of a ...

The EIA adds that instability around the Bab al-Mandeb Strait in 2024 also contributed to rerouting. Saudi Aramco diverted ...