Anthony Harrup

The renewed escalation of conflict in the Middle East is rattling diesel prices even more now, as concerns mount over supply with the approach of the high-demand autumn season.

Crude futures fall to a three-week low after Treasury Secretary Scott Bessent said the U.S. could be close to an agreement with Iran to reopen the Strait of Hormuz, while Qatar reported progress in diplomatic efforts. "Today's negotiations are dealing solely with opening the Strait of Hormuz and ge

U.S. commercial crude oil inventories rose last week as imports increased and refineries ran at a lower rate, according to data released Wednesday by the U.S.

Oil futures end little changed in a choppy session as Iran says it has agreed with Oman on a shipping route through the Strait of Hormuz, but that safe passage will depend on third parties not obstructing the process, an apparent reference to the U.S. "The deal to open the Strait of Hormuz just got

MEXICO CITY—The Bank of Mexico left its benchmark interest rate unchanged for a second straight time Thursday, and reiterated its expectation that it will stay on hold for the foreseeable future.

U.S. commercial crude oil inventories rose last week in a third consecutive build, according to data released Wednesday by the U.S. Energy Information Administration.

Oil futures post back-to-back losses as the U.S. tightens the economic squeeze on Iran, raising expectations the measures could bring Iran to the negotiating table. Iran held more talks with Oman about establishing a safe shipping route through the Strait of Hormuz, with the Omani foreign ministry

Oil futures lose ground after six straight sessions of gains as the U.S. launched a plan to sanction countries or companies that do business with Iran. "The immediate measures look less dramatic than the rhetoric," Jorge Leon, Rystad Energy's head of geopolitical analysis, says in a note.Iranian

U.S. crude oil inventories edged up in a fourth consecutive weekly increase as both imports and exports fell and production held steady, according to data released Wednesday by the U.S.

Crude futures extend losses to three sessions on cautious expectations that the U.S. economic isolation of Iran, rather than military action, could bring about a reopening of the Strait of Hormuz. "The de-escalation and fears of tighter global supplies are easing, which is tripping some long liquid