Brent crude futures were down 66 cents, or 1%, at $64.56 a barrel at 1016 GMT. U.S. West Texas Intermediate crude was down 61 cents, or 1%, to $60.90. “Finally having some kind of peace process in the ...

Oil prices stumbled in 2025 on weaker demand and surging supply. One of the world's biggest commodities firms says the ...

Iran is ramping oil production back to record 2024 levels of around 4.3 million barrels per day, despite U.S. and Israeli airstrikes and ongoing sanctions. Russia is leading new development efforts in ...

"Wars are not fought with weapons, but with knowledge and understanding."—Ferdowsi, Persian poet and writer In the midst of ...

Axios Visuals Oil prices are generally sinking this week despite the U.S. seizure of a tanker off Venezuela's coast, saber rattling about doing it again, and Ukraine hitting a Russian tanker in the ...

Tom majored in International Business at Amsterdam’s Higher School of Economics and later completed an Executive MBA in Energy Transition at the University of Groningen.… Simultaneously, a sharp ...

NEW YORK - APRIL 15: Traders call out during activity in the crude oil options area on the floor of the New York Mercantile Exchange April 15, 2008 in New York City. Oil prices set a new record high ...

Another Israel-Iran war is “only a matter of time,” according to a report by The New York Times, which says Iran still has a stockpile of enriched uranium and is racing to build thousands of missiles.

Oil prices climbed 2% on Monday in the wake of the defeat of the Assad regime. The price of oil climbed about 2% in early trading on Monday in the wake of the sudden collapse of the Assad regime in ...

Members of Iraq's Popular Mobilization Forces and locals gather for a collective prayer for Iran under Israeli attacks, on the bank of Shatt al-Arab River in Basra, Iraq on June 18, 2025. The "Prayer ...

For decades, predictions about a war with Iran carried an air of inevitability: Analysts warned a conflict would close the ranks of the Iranian military and political elite, unite the Iranian people ...