America is the world's leading oil producer. We don't import much oil from the Middle East. Why, then, are gas prices so high ...

Most energy traders used to assume that, even under attack, Iran would not close the Strait of Hormuz, the narrow chokepoint ...

Find out how much oil the EU is importing, which countries are the EU's main trading partners and which sectors use the most ...

A surge in the price of oil on Thursday brought the crucial commodity within reach of being expensive enough to cause a recession.

The "load-bearing assumption" among some investors that US Navy warships can easily keep vital chokepoints like the Strait of Hormuz open in times of conflict is slowly crumbling, steadily driving oil ...

Oil futures are plunging – but it could still take weeks or months before gas prices are dramatically lower. Word of a two-week ceasefire in the war in Iran and a possible reopening of the vital ...

Gas prices could push up the costs of other items as businesses pass on elevated transportation costs. A surge in oil prices this week brought the crucial commodity close to the level that could ...