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

Israeli fighter jets hammered Iranian nuclear facilities early Friday morning, sending crude prices rocketing 13% in the biggest single-day surge since 2020. Operation Rising Lion targeted nuclear ...

Hormuz closure fears drive oil outlook higher as tanker rates surge, slashing Gulf supply routes and fueling global crude ...

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

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

Oil prices rose as much as 12 per cent in the immediate aftermath of Israel’s attacks on Iran’s nuclear facilities. Over the ...

Signing the agreement reflects the continued commitment of both companies to transform the regional midstream oil and gas ...

Brent crude surged more than 8% on Friday, peaking at a 13% intraday gain, after Iran launched a wave of missile strikes on ...

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

Meanwhile, the hit on the Fajr-e Jam Gas Refinery, in Bushehr province, threatens to disrupt Iran’s domestic electricity and ...

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