Crude futures were lower and ING said the market’s biggest fear is the Strait of Hormuz shutting down, with significant disruption to oil flows sufficient to push prices to $120 a barrel.

President Ferdinand "Bongbong" Marcos Jr. on Wednesday said that the government is preparing to roll out fuel subsidies in response to the expected ...

OIL prices eased in Asian trade on Wednesday, after a gain of 4% from the previous session, as markets weighed the chance of ...

A furious Tehran went on the attack on Thursday evening, threatening to unleash financial and military chaos across the ...

The naira maintained its bullish momentum at the unofficial market as it cracked below the N1600/$ resistance line, while the ...

Asian shares are mixed and oil prices have dropped Wednesday as investors calmed from the jitters of conflict in the Middle ...

Crude oil prices continue to face upward pressure as the conflict between Israel and Iran continues, raising concerns about oil supply disruptions from the Middle East.

While global energy markets are not yet pricing in worst-case scenarios for the Israel-Iran war, oil tanker rates are ...

Business entities using the Mombasa port are holding onto hope that the Israel-Iran war will not escalate into a damaging ...

Iran’s allies, the self-described “Axis of Resistance,” have been severely hurt by ongoing Israeli attacks since the Oct. 7, ...

Oil prices stabilised Wednesday after surging the previous day on fears of a US intervention in the Israel-Iran conflict ...

Iran, OPEC’s third-largest producer, pumps around 3.3 million barrels per day (bpd). While prolonged conflict could curb its ...