Oil prices extended gains on Wednesday after the U.S. shot down an Iranian drone and armed Iranian boats approached a U.S.-flagged vessel in the Strait of Hormuz, rekindling fears of an escalation in ...

The U.S. shot down an Iranian drone aimed at an aircraft carrier and Iranian gunboats tried to stop a U.S.-flagged ship.

Armed Iranian boats belonging to the Islamic Revolutionary Guard Corps (IRGC) approached the U.S. oil tanker Stena Imperative ...

President Trump says India will stop buying sanctioned Russian oil as part of trade deal, but data shows shadow fleet vessels ...

Iranian gunboats unsuccessfully attempted to intercept a US oil tanker in the Strait of Hormuz on Tuesday before a US Navy ...

Indian authorities intend to diversify energy purchases from other sources, including Venezuela and Persian Gulf countries, the US official stated ...

Harlan Ullman, Ph.D., is UPI’s Arnaud deBorchgrave Distinguished Columnist, a senior advisor at the Atlantic Council, the ...

Harlan Ullman, Ph.D., is UPI’s Arnaud deBorchgrave Distinguished Columnist, a senior advisor at the Atlantic Council, the chairman of two private companies and the principal author of the doctrine of ...

Venezuelan shipments to China have fallen sharply since mid-December after U.S. President Donald Trump imposed a blockade on sanctioned ships, part of a campaign against President Nicolas Maduro which ...

This route is also vital for the Asian markets. Over 80% of the oil and LNG transported through this strategic chokepoint goes in Asian markets. Major economies such as China, India, Japan, and South ...

Crude oil surges 6.78% on geopolitical risk and inventory draws, yet structural surplus of 0.75-3.5 million bpd could cap ...

Ayatollah Ali Khamenei's comments are the most direct threat he's made so far amid escalating tensions with the U.S.