An ongoing Iran war is expected to cause a motor oil shortage and price increases in the United States. The U.S. imports a large percentage of base oils used in motor oil from the Middle East, a ...

The war in Iran has triggered the largest oil-supply disruption in modern history. The crisis in the Strait of Hormuz is forcing governments to redefine energy security for an age of geopolitical ...

Polo Rocha has written about economics and banking for a decade. Patrick T. Fallon / AFP via Getty Images Rising oil prices are driving up bond yields, making borrowing more expensive. The 10-year U.S ...

Shiseido Co. is looking to potentially swap out oil-based inputs for plant-derived materials as the Middle East conflict upends the global skincare and cosmetics supply chain. The Japanese beauty ...

President Trump on Monday invoked wartime authority under the Defense Production Act (DPA) to try to push for more oil, gas and coal. The DPA gives the president the authority to increase the ...

Brent crude has surged more than 55% since the Iran war began, hitting nearly $120 a barrel at its peak, amid fears of disrupted oil flows through the Strait of Hormuz. March marked one of the largest ...

Colin is an Associate Editor focused on tech and financial news. He has more than three years of experience editing, proofreading, and fact-checking content on current financial events and politics.

President Trump said he expects a deal with Iran will be announced fairly soon, and said it would give the U.S. “free oil and free Hormuz Strait.” The president was asked about the economy and oil ...

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Reopening the Strait of Hormuz is proving to be difficult. But even if the vital waterway fully opens and oil and other necessary cargo sail out, it won’t be enough to return things to normal. That’s ...

Increased exports of Australian LNG to Singapore are in prospect, after Prime Minister Anthony Albanese met his Singaporean counterpart Lawrence Wong in Friday talks to shore up Australia’s oil supply ...