Even if the strait opened tomorrow, the hit to the global economy would be long lasting.

Included in Friday's sanctions is Hengli Petrochemical’s facility in the port city of Dalian, which has a processing capacity ...

By Alex Lawler LONDON, April 24 (Reuters) - Oil turned negative on Friday after a Pakistani government source said Iranian ...

Rolling coverage of the latest economic and financial news ...

June WTI crude oil (CLM26 ) on Thursday closed up +2.89 (+3.11%), and June RBOB gasoline (RBM26 ) closed up +0.0858 (+2.65%).

Oil prices were marginally lower Thursday amid stalled peace talks between Iran and the United States, and continued ...

Oil markets have whipsawed since the start of the Iran war, with supply risks around the Strait of Hormuz driving extreme price swings and historic volatility.

The market for oil is global, which is why events like the war in Iran affect oil prices – and prices of the wide range of ...

Oil prices continued to rise on Thursday while stocks pulled back as investors wrestled with uncertainty about the fragile ...

By Georgina McCartney HOUSTON, April 22 (Reuters) - Oil prices settled up by more than $3 on Wednesday after a surprise ...

Oil prices climbed following the latest rise of U.S.-Iran tensions, but the moves were more modest than they were earlier in ...

Oil futures added 3.1% Thursday to end at $95.85 a barrel, the latest in a four-day climb that has lifted benchmark U.S.