By Scott DiSavino NEW YORK, Feb 3 (Reuters) - Oil prices climbed about 2% on Tuesday after the U.S. shot down an Iranian drone and armed boats approached a U.S.-flagged vessel in the Strait of Hormuz, ...

The meeting of eight OPEC+ members comes as Brent crude closed near $70 a barrel on Friday, close to the six-month high of $71.89 reached on Thursday.

State oil giant Saudi Aramco has been pumping more crude since around mid-2025 as part of supply increases agreed to by OPEC+, led by the kingdom and Russia. The Gulf nation churned out about 10 ...

Even though oil prices rose 15% in January on the back of fears that a new U.S. attack on Iran was imminent, they remain in a narrow range.

The US Treasury has sanctioned two crypto exchanges linked to Iran, targeting digital asset platforms for the first time as ...

Numerous geopolitical risks, policy uncertainty, freezing weather conditions and USD weakness have provided a boost to energy and metal prices.

Oil prices remain stuck in a narrow band even after soaring 15% in January, partly on fears of a fresh U.S. strike on Iran. Tough talk on either side is unlikely to push crude prices much higher, ...

Oil prices are heading for their largest monthly gains in years as escalating Middle East tensions fuel concerns over ...

Oil prices broke higher as geopolitical risk surged, with Brent topping $70 for the first time since mid-2025 on fears of U.S ...

WASHINGTON, DC – The Trump Administration on December 18 sanctioned 29 vessels tied to a covert petroleum shipping network. Among them are companies and operations linked to India involved in moving ...

U.S. President Donald Trump is weighing options against Iran that include targeted strikes on security forces and leaders to inspire protesters, multiple sources said, even as Israeli and Arab ...

This installment of Sanctions by the Numbers examines the United States’ use of financial sanctions and entity-based export controls ...