Gulf Arab oil producers are cutting production as they run out of storage space because they can't export through the Strait of Hormuz

Oil prices rose to their highest level in nearly four years on Sunday night and were trading around $100 a barrel on Monday as the war in Iran continued to disrupt global oil flows and production throughout the Middle East.

Stock markets plunged and oil prices surpassed $100 per barrel today amid the US war in Iran. How high will crude oil get? See the latest predictions.

The price of oil clocked its biggest single-day gain in six years this morning, with Brent crude surging by more than 20%, but has since eased back after Donald Trump called the Iran war "complete". Catch up on a turbulent day on the market below.

Oil briefly approached $120 a barrel as supply disruptions from the Iran conflict intensify and G-7 finance ministers consider releasing emergency reserves.

Iran has launched more attacks on Israel and Gulf countries while more than a week of heavy U.S. and Israeli bombardment continues. Iranian state TV announced early Monday that Ayatollah Mojtaba Khamenei has been named supreme leader in defiance of threats by U.

Oil prices have surged above $90 amid disruptions in the Strait of Hormuz. Here’s a reality-based look at how high crude could go—and what ultimately limits the spike.

US stocks recovered losses Monday and oil prices plummeted after settling at their highest level since 2022, as the war with Iran continued to roil markets.

Rising gas prices following the U.S. launch of airstrikes against Iran may be a shock to the consumer, but the global jump in oil is not likely to lead to persistent

Global oil markets have reacted swiftly to escalating tensions in the Middle East as the United States and Israel continue their assault on Iran. After oil tanker traffic through a key chokepoint, the Strait of Hormuz,