In a speech to the nation on April 1, President Donald Trump spoke of the Iran war, and the contest for control of the Strait of Hormuz, as if their outcome had little bearing on the market for oil ...

U.S. oil prices tumbled more than 15% Wednesday after the U.S. and Iran agreed to a two-week cease-fire. But the truce was already showing signs of fraying by the afternoon as Iran accused the U.S. of ...

Oil prices surged sharply after Donald Trump signaled further escalation against Iran, raising fears of prolonged conflict and supply risks. Higher prices are hurting consumers (e.g., rising fuel ...

President Donald Trump said Sunday that he would like to "take the oil in Iran" and is considering seizing the export hub of Kharg Island, which is responsible for more than 90% of Iran's oil exports.

President Trump on Sunday suggested his priority in Iran is taking control of the country’s oil industry as he weighs next steps one month into the war he launched with Israel. “To be honest with you, ...

Gas lines and quadrupling oil prices freaked out American consumers. But the oil crises also transformed global finance. By Jeff Sommer Jeff Sommer writes Strategies, a weekly column on markets, ...

Aimee Picchi is the associate managing editor for CBS MoneyWatch, where she covers business and personal finance. She previously worked at Bloomberg News and has written for national news outlets ...

NEW YORK, March 23 (Reuters) - Oil prices dropped about 11% on Monday after U.S. President Donald Trump said he would postpone any military strikes against Iranian power plants for five days and cited ...

Every $1 increase in the average oil price can boost Chevron's annualized earnings by $600 million. ConocoPhillips is on track to double its free cash flow by 2029 at $70 oil. Canadian Natural ...

Forbes contributors publish independent expert analyses and insights. Robert Rapier is a chemical engineer covering the energy sector. LOS ANGELES, CALIFORNIA - MARCH 03: High gas prices are displayed ...

Treasury Secretary Scott Bessent estimated that the move would add about 140 million barrels of crude to the oil market. By Alan Rappeport Reporting from Washington The Treasury Department on Friday ...

Motorists are paying sharply higher fuel prices since the outbreak of the Iran war, despite the U.S. being the world's largest oil producer. Why? After all, as of 2023 (the latest data available), the ...