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Treasury Secretary Scott Bessent claims the Strait of Hormuz could become obsolete within two years due to accelerated pipeline infrastructure projects in the Gulf region, triggered by recent disruptions from the Iran conflict.

A supertanker caught fire after hitting two naval mines in the southern Strait of Hormuz, Iranian state media reported on …

President Trump announced that Venezuelan crude will be used to refill the U.S.

Crude oil prices extended their decline for the fourth day today on news that Qatar’s Prime Minister will visit Tehran …

Three Indian refining companies and “a global energy major” will stop using tankers included in a black list that Iran …

The three states in the Strait of Malacca, the vital shipping lane into Asia, have pledged to keep the world’s …

Crude oil prices were on course to book a second consecutive weekly gain as the prospects of peace in the …

For most of the past six months, traders active on the commodity futures markets have been mostly optimistic. They have …

Venezuela has signed deals with oilfield service major SLB and Hunt Oil Co. as part of efforts to boost investment …

Ust-Luga, the top Russian port for exports of oil and other commodities from the Baltic Sea, caught fire early on …

One year after the signing of a provisional peace deal in Washington, DC, American, Armenian, and Azerbaijani officials continue to …

Crude oil prices began this week with a gain following a statement by Iran setting six demands for a peace …