Author name: fwadmin

Global crude benchmark Brent fell as much as 5.2% to $98.12 a barrel, while West Texas Intermediate was near $92.

Abu Dhabi had hit out at countries in region for not doing more to help defend against Iranian attacks

Price of oil falls on hopes of an agreement that could reopen the Strait of Hormuz

As the Strait of Hormuz crisis grips the global economy, nations are vying to secure other vulnerable waterways

US president is trying to quell an internal backlash from hawks who demand Tehran’s complete surrender