Global Oil Market

The United States has struck three Iranian crude oil tankers after Iran launched ballistic missiles toward two U.S. Navy warships, marking a significant escalation in the ongoing conflict between Washington …

A commercial oil tanker caught fire after being struck by a projectile while transiting the Strait of Hormuz, raising fresh concerns over maritime security in one of the world’s most …

Oil Prices Rise Amid Middle East Escalation and U.S. Rate Cut Expectations Event: Oil prices increased by about 1% due to escalating tensions in the Middle East and anticipation of …