Despite not relying on Iran for its oil supplies, petrol and other prices in Australia will rise due to the global impact of ...

Crude oil rose to 14% after Israel launched a major attack on Tehran, targeting nuclear and military facilities. WTI and Brent prices closed at $72.98 and $74.23 per barrel, up 7.26 and 7.02% ...

Donald Trump’s claim that his “proudest legacy will be that of a peacemaker and unifier” looks increasingly hollow.

After holding back supply for almost three years to push prices higher, the output curbs are no longer having as much impact, ...

Iran has partially suspended production at the South Pars gas field — the world’s largest — after an Israeli airstrike ...

The escalating Israel-Iran conflict, coupled with fluctuations in Brent crude prices and critical interest rate decisions from major central banks, are set to dominate investor focus, analysts said.

The past two years of escalating tensions in the Middle East have taught oil traders to be sanguine about the risk of disruption to oil supplies. Read more at The Business Times.