Treasurer Jim Chalmers has put petrol stations on notice, calling on them not to dud motorists with unjustifiably high prices amid the Israel-Iran conflict.

Rising oil prices and strong cash flow make Occidental Petroleum a top pick. Learn how OXY stock's strategy mitigates risk ...

A prominent adviser to Ayatollah Ali Khamenei, Iran’s supreme leader, has already called for the closure of the Strait. A ...

There had been warnings that any disruption to international oil supplies as a result of tensions in the Middle East could push prices up at the pump.

The price of crude oil plunged Monday afternoon, following Iran's retaliatory attacks targeting a U.S. military base in Qatar ...

WASHINGTON (AP) — President Donald Trump on Monday declared the “12 day war” between Israel and Iran was set to end in a ...

Economic fallout from the weekend strike by U.S. forces on Iranian nuclear facilities has been muted so far, but the opening ...

U.S. energy independence helps shield American economy from Iran's threats to block the Strait of Hormuz, where one-fifth of ...

Iran is reportedly weighing blocking a key commercial choke point known as the Strait of Hormuz, a move that could ...

About 20 million barrels of crude oil pass through the strait daily, according to the U.S. Energy Information Administration.

Actually . . . They're still not as bad as the Biden era . . . But something to consider as undeclared WWIII looks to be just ...