U.S. crude oil hovers near $83 after Iran says it will not escalate conflict with Israel
Iranian Foreign Minister Hossein Amirabdollahian told NBC News the Islamic Republic does not plan to respond to Israel’s retaliatory strike launched Friday.
White House will ‘make sure gas prices remain affordable’ heading into summer, Biden advisor says
Gasoline futures have risen nearly 29% this year with prices at the pump currently averaging $3.67 a gallon, according to the motorist association AAA.
U.S. oil falls below $83 as war fears ease after Israel refrains from immediate Iran counterattack
Oil has sold off 4% this week as traders unwind the geopolitical risk premium built into prices over the last two weeks.
BP trims down executive team, picks new head of its gas and low carbon energy business
British oil major BP on Thursday trimmed the size of its executive team down to 10 members.
U.S. crude oil falls below $85 as traders discount Iran-Israel war risk
UK Foreign Secretary David Cameron said Wednesday that “it’s clear the Israelis are making a decision to act” against Iran.
‘Iran is in for the long haul’ with oil tanker hijacks, expert says, as U.S. considers more sanctions
China’s need for Iranian oil rules out Strait of Hormuz closure, but sowing ‘chaos’ as a strategy and sanctions threats will lead Iran to hold hijacked tankers.
Oil prices fall for second day as U.S. expects limited Israel response to Iran attack
U.S. officials told NBC News that they expect an Israeli response to Iran’s attack to be limited in scope.
Oil is the ‘key risk to watch’ as Middle East tensions rise, analysts say
Markets saw limited movement Monday, but all eyes are on Israel’s next steps after an Iranian drone and missile strike.
Oil prices could ‘spike well above $100’ if conflict escalates after Iran’s attack on Israel
Iran is home to vast oil resources, and any disruption to its capacity to supply global markets could push prices higher.
Oil prices are set to rise as market braces for Israel response to Iran’s missile and drone barrage
Iran launched more than 300 drones and missiles against military targets in Israel in an attack that President Joe Biden described as "unprecedented."