A venture that’s taken a dominant position in the global market for oil supertankers is asking for sky-high charter fees to deliver Middle East crude as the Iran war sends rates spiraling upward.

Oil prices moved higher on Wednesday as markets continue to watch developments in the U.S.-Iran war.

The closure of the Strait of Hormuz and airspace across the Gulf has rippled through the global economy, pushing up oil and ...

US oil prices surged to record weekly gains as the war in Iran disrupted critical energy flows through the Strait of Hormuz.

The halt to oil and gas shipments through the strait is the nightmare scenario for the global energy system and represents one of the most serious disruptions to energy supply ever suffered. Spare ...

Just how much will surging crude oil prices cost investors – and the global economy? Let’s try to tally up the costs so far...and explore what might happen next. Last week alone, US crude oil futures ...

Markets cut losses later in the session as a reported release of Saudi Arabian crude on the market eased oil prices.