Oil prices surge to six-week highs as Houthi threats in the Red Sea and rising tensions in the Strait of Hormuz fuel fears of global supply disruptions.

If it isn't just the war driving prices, what is? The answer runs through refining capacity, fuel taxes and a strained global market, not the price of crude alone

The producer alliance will raise output targets by 188,000 barrels per day as oil exports through the Strait of Hormuz gradually recover, while prices remain under pressure and internal quota disputes persist.

Iran resumed crude oil exports for the first time in two months after a U.S. agreement to lift the naval blockade, with nearly 5 million barrels shipped.

The head of the International Energy Agency warns that commercial oil stocks are draining at a record pace as the Iran war keeps the Strait of Hormuz shut

IATA is sounding the alarm, warning European travelers that ticket price hikes are now inevitable as sustained high jet fuel costs can no longer be absorbed by airlines

US indexes show marginal moves after a strong six-week run, as Trump rejects Iran's latest peace proposal and oil prices spike above $97 a barrel

Caracas told the World Court it does not recognize its authority in the long-running Esequibo territorial case, as Guyana seeks confirmation of a colonial-era border over a resource-rich region

UAE announced Tuesday it will leave OPEC effective May 1, ending a membership dating to 1967, as tensions with Saudi Arabia mount and the Emirates chafes under production restrictions

Speaking at the Delphi Economic Forum, Pierre Gramegna, Managing Director of the European Stability Mechanism (ESM): Oil & gas supply won't normalize quickly, inflation hits 3%, markets underestimate the crisis. Europe must accelerate, not abandon, its energy transition

Global oil markets are facing unprecedented disruption as conflict in the Middle East restricts flows through the Strait of Hormuz. Industry leaders warn the loss of supply could reshape energy, food, and industrial markets worldwide, with risks extending beyond oil

Oil prices fell by more than 9% following Iran's announcement

Japan will create a $10 billion financial framework to help Asian nations secure oil and other energy resources amid rising geopolitical tensions, aiming to safeguard regional supply chains and reduce the risk of disruptions affecting key industries.

Oil prices jumped more than 7% after the US announced plans to block shipping linked to Iran through the Strait of Hormuz, reviving supply fears and pushing crude back above $100 a barrel amid failed peace talks

Regional disparities persist, with the Cyclades once again recording the highest prices in the country, where regular unleaded reached 2.173 euros per liter.