Oil prices hit wartime peak, with Brent crude touching $126 a barrel
Brent crude surged past $126 a barrel early Thursday, while U.S. gasoline prices jumped to $4.30 a gallon.
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Brent crude surged past $126 a barrel early Thursday, while U.S. gasoline prices jumped to $4.30 a gallon.
The average cost of a gallon of gasoline hit $4.18 on Tuesday, up $1.20 since the conflict in the Middle East started on Feb. 28.
UAE officials said the decision to depart the OPEC oil cartel comes after an "extensive review" of the country's oil production policy.
Iranian Foreign Minister Abbas Araghchi returned to Islamabad on Sunday, where he participated in talks focused on ending the war with the U.S., Iranian state media reported.
Following a second round of peace talks in Washington, President Trump announced that the Israel-Lebanon ceasefire had been extended by three weeks.
Iran renews attacks in the Strait of Hormuz after Trump says he's extending a ceasefire indefinitely, as thousands more U.S. forces head for the region.
Iran balked at President Trump's demands for a peace deal amid a standoff over the Strait of Hormuz, as fear the war could reignite hits oil and energy markets.
President Trump says he sent a U.S. delegation to Pakistan for another round of peace talks with Iran Monday but Tehran says it doesn't plan to participate.
Rising jet fuel prices are forcing airlines to cut routes and trim schedules.
The leaders of Lebanon and Israel agreed to start a 10-day truce at 5 p.m. Eastern Time Thursday.
Gas prices put pressure on pocketbooks — and President Trump's ratings — as Iran war continues.
Only about a dozen ships passed through the Strait of Hormuz in the first two days of the ceasefire, far below normal traffic levels before the war, data shows.
Iran says Israel is violating the ceasefire deal President Trump announced, and Tehran appears to still have control over shipping in the Strait of Hormuz.
President Trump announced that the U.S. and Iran had agreed to a two-week ceasefire that was contingent on the reopening of the Strait of Hormuz.
Gas prices in the U.S. could near a record high later this month if the Strait of Hormuz remains sealed, energy industry experts warn.
President Trump's deadline for Iran to reach a deal to end the war or face punishing strikes on its bridges and power plants is less than 24 hours away.
President Trump hailed the rescue of a U.S. airman who was missing almost two days inside Iran — and threatened to hit power plants if Iran doesn't reopen the Strait of Hormuz.
With gasoline topping $4 a gallon, it now costs almost $145 to fill up a Ford F-150 pickup truck, a new analysis finds.
The average price of gas across the U.S. last reached $4 after Russia's invasion of Ukraine sent crude oil prices surging.
The U.S. Postal Service is raising some postage prices to help offset the federal agency's rising transportation costs as fuel prices surge.
As Iran threatens to mine the entire Persian Gulf, President Trump said his deadline for the Strait of Hormuz to reopen is postponed amid negotiations with Tehran.
The president threatened to "obliterate" Iranian power plants if Iran didn't reopen the Strait of Hormuz by late Monday night Eastern Daylight Time.
As Iran retaliates for an Israeli strike on the South Pars gas field, one analyst warns the war is "now hitting the plumbing of the global energy system."
A barrel of Brent crude topped $111, while the U.S. benchmark also rose as the Iran war intensifies.
Small adjustments, like maintaining a steady speed while driving, can help maximize fuel efficiency, experts say.
