As the conflict with the United States continues and a naval blockade hampers its oil exports, Iran is facing a critical shortage of storage for its crude oil. With an increasing amount of unsold oil, ...

Oil prices surged Tuesday as Iranian-linked attacks and military clashes heightened fears of disruption in the Strait of Hormuz. Brent crude rose 6% to $114.44 a barrel, while WTI settled 4% higher at ...

Global oil prices may need to climb to $200-plus to see "multimillion-barrel-per-day demand destruction," said Josh Young of Bison Insights. This year's roughly 80% surge in oil prices has done little ...