The Group of Seven (G7) nations agreed on Friday to release 100 million barrels of diesel and crude oil from emergency reserves over the next four months to stabilize soaring

Global oil prices held largely steady on Friday as traders balanced rising Middle East geopolitical tensions against recovering regional supplies and export restrictions.

Global oil prices fell to their lowest in over a week on Monday. The drop is driven by renewed hopes for diplomatic talks between the US and Iran at the

Oil prices bounced back in the global market on Friday (August 14) as escalating military tensions surrounding Iran renewed concerns over crude oil supply, following U.S. threats of an indefinite

Yemen's Iran-aligned Houthi forces claimed on Monday that they targeted sensitive Saudi crude oil supply and transport sites. These critical facilities link eastern Saudi Arabia to Yanbu a major Red

Global oil prices have plummeted to a four-month low following positive progress in diplomatic talks between the United States and Iran. Consequently, Brent crude futures fell 1.89% to $71.57 per

International oil prices edged higher on Tuesday as uncertainty surrounding the US-Iran agreement and concerns over oil shipments through the Strait of Hormuz continued to influence the market.

An immediate agreement to end the war between the United States and Iran remains highly unlikely, senior Pakistani government sources warned Tuesday. The primary obstacle is the continued Israeli military

Global oil prices dipped slightly on Tuesday, June 2, despite ongoing uncertainty surrounding US-Iran peace talks. The slight drop comes after a significant price surge the previous day, leaving investors

The United States Treasury Department has imposed sanctions on Iran's Persian Gulf Strait Authority, accusing the body of acting as an extortion arm for the Islamic Revolutionary Guard Corps (IRGC).