The United States and its allies announced steps to ease rising oil prices on Wednesday as the war with Iran continued to create chaos in the global oil market amid ongoing missile attacks throughout the Middle East.

Global oil prices surged despite pledges from the United States and other countries to release reserves. Airstrikes shook Beirut and Tehran, and more ships were attacked in the Persian Gulf. Rebecca Elliott John Yoon and Ephrat Livni The global price of ...

For lawmakers, the price spikes underscore the fragile backdrop of this year’s budget negotiations, which are unfolding amid debates over affordability and proposed tax changes.

As the Iran war enters its second week, the Chinese economy, initially expected to suffer the most, has unexpectedly held firm. While South Korea and Japan’s stock and foreign exchange markets have been volatile, with sharp fluctuations, China’s stock ...

The cost of hauling crude oil from the Middle East to China rose more than 94% to hit a record high of $423,736 per day on Monday.

Bangladesh has requested permission from the United States to purchase oil from Russia in an attempt to address an energy supply crunch triggered by the Middle East crisis, a senior minister said on

House Republicans are urging President Trump to block profits from a major Russian oil company as Iran turmoil pushes gas prices higher across the U.S.