The UAE reviews and adjusts petrol prices every month based on global oil movements. If oil continues spiking this week and ...

Israel’s strikes on Iran on Friday have raised the prospect of global oil prices hitting $100 a barrel. If Tehran seeks to ...

TheStreet. Kharg Island is a small island in the Persian Gulf. It lies 16 miles off the northwest coast of Iran. It's 451 ...

The country’s exports mostly come from Kharg Island in the Persian Gulf. But Israel’s energy facilities are also at risk.

Israel has struck some of Iran’s most vital oil and gas facilities, the first such attacks despite decades of rivalry between ...

Any disruption in Iran's oil production may impact global prices as Saudi Arabia and UAE are the only Opec+ members that can ...

Follow the latest on Israel-Iran conflict The Israel-Iran confrontation has entered a perilous new phase. Reported Israeli ...

Israel has held back on attacking Iran’s main oil export hub – the coral-studded Kharg Island terminal on the Persian Gulf. Hitting Kharg Island would be the next natural escalation for Israel and ...

Russia and Ukraine resumed direct talks in Istanbul in May for the first time in three years at Mr. Trump’s urging. Mr. Putin said an exchange of prisoners, including some who were seriously wounded, ...

An escalation of attacks on Iran's energy infrastructure could result in a further rise in oil prices, potential supply ...

Kenya has over the years struggled to sustainably narrow the goods trade deficit, partly due to reliance on traditional farm ...

Here are a five worst case scenarios for global oil markets, split between what Israel and Iran may do next in an ...