The U.S. Energy Information Administration (EIA) has slashed its Brent crude oil price forecast. In its August Short-Term Energy Outlook, it expects global oil prices to fall from $71 per barrel in ...

Iranian crude builds up offshore as over 30 million barrels float near Malaysia, the highest in more than five years.

A couple of months ago it would have been a brave call to say that OPEC+ would be able to bring back 2.5 million barrels per ...

IN THE 20 months since Hamas massacred almost 1,200 people, Israel has fought in Gaza, Lebanon, Syria and Yemen. On June 13th, when Israeli aircraft struck Iran, it became clear that these campaigns ...

Oil prices fell on Monday after Iran's missile and drone strike failed to cause widespread damage in Israel and the U.S. administration made it clear it did not support a wider war with Iran.

The attacks took place, Israel and Iran agreed to a ceasefire soon after, and the strikes did not lead to a wider or protracted war in the Middle East or any oil shock or other economic calamity ...

Hours before a ceasefire took effect between Israel and Iran on June 24, the son of Iran’s last shah, Reza Pahlavi, held a televised news conference in the French capital, Paris.

Crude oil futures jumped as much as 13% Thursday evening after Israel launched airstrikes against Iran without U.S. support.

Pahlavi insisted that Iran’s Islamic Republic was collapsing. “This is our Berlin Wall moment,” he said, calling for ordinary Iranians to seize the opportunity afforded by Israel’s war and ...

The animosity between Iran and Israel goes back almost 50 years, to 1979, when Iranian revolutionaries overthrew a repressive monarchy supported by the U.S. and allied with Israel.