Asian allies are looking to the U.S. for secure oil and gas supplies during the Iran war, Interior Secretary Doug Burgum said. Japan relies on the Strait of Hormuz for for 90% of its oil imp... Read more

Chevron CEO Mike Wirth said the oil futures market has not fully priced in the scale of the disruption triggered by the Strait of Hormuz closure. Wirth said the futures market is trading on... Read more

Panicked drivers lined up in long queues outside gas stations across China Monday after receiving an alert from Chinese oil giant Sinopec about a pending price hike. The state refiner issued... Read more

At around 6:50 a.m. in New York, S&P 500 e-Mini futures trading on the CME recorded a sharp and isolated jump in volume. A similar pattern was observed in oil markets. Roughly 15 minutes... Read more

By Jonathan Saul, Nidhi Verma and Saurabh Sharma LONDON/NEW DELHI, March 23 (Reuters) – Two tankers bound for India sailed through the Strait of Hormuz on Monday carrying liquefied pet... Read more

Industrial companies such as Boeing and retailers including Costco Wholesale Corporation — even insurers such as Allstate Corporation — could win big if energy prices start to ease, accordin... Read more

Short-term pain followed by some gain down the line — that’s how history has handled significant oil price shocks, according to new data pulled from JPMorgan. Going back to 1974, in pe... Read more