Crude oil prices surged past $100 per barrel as President Trump warned Iran that its vital Kharg Island oil hub could be targeted, sparking fears of global energy supply disruptions. Despite avoiding direct strikes on oil infrastructure,

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.

Member countries of the International Energy Agency unanimously agreed Wednesday to release 400 million barrels of oil into the global market – the largest release of emergency oil stocks in history – in a drastic move aimed at shoring up crude supplies and capping a surge in prices caused by the conflict in the Middle East.

Crude oil prices have surged after the U.S. and Israel attacked Iran, and Iran retaliated with attacks throughout the Middle East. Critical logistical chokepoints have become war zones, heightening supply concerns.

Oil prices moved higher on Wednesday as markets continue to watch developments in the U.S.-Iran war.

Iran’s Supreme Leader Ayatollah Mojtaba Khamenei issued his first statement on the war on Thursday, saying Iran should close the Strait of Hormuz and keep attacking its Gulf Arab neighbors as

HANOI, March 16 (Reuters) - Vietnam has asked Japan and South Korea to help increase its access to crude oil amid global supply disruption triggered by the Iran war, its trade ministry said on Monday.

The global benchmark slipped 0.3 per cent to USD 102.8 a barrel after Iran said crude exports from its key Kharg Island terminal were continuing despite recent attacks.

By Theodore Opara The Nigeria Auto Journalists Association (NAJA) has called on President Bola Ahmed Tinubu to prioritise the direct supply of crude oil to domestic refineries, particularly the Dangote Refinery,