President Trump's decision to pause military action against Iran and pursue talks sent crude oil prices sharply lower while fueling a rally in equity markets.

Iran's foreign minister agreed to reopen the strategic Strait of Hormuz, through which about a fifth of global oil supply transits, after a Qatari LNG tanker wa

ExxonMobil posted its highest quarterly profit in four years at $160 million per day, while Shell profit rose 97%, as oil majors reap windfalls from the Iran co

US national average gas prices pushed above $4 per gallon as the Iran conflict disrupted oil supply routes, with California reaching $5.49.

Seven OPEC+ members agreed in principle to raise oil output by 188,000 barrels per day in September, a modest increase amid tight global supply.

Chevron CEO Darren Woods warned the Iran conflict creates a 'very real' threat to global oil supplies and said he would not expect lower pump prices soon.

An LNG tanker carrying Qatari cargo was struck while transiting the Strait of Hormuz, escalating shipping security risks in the waterway.

India approved the $10 billion Samudra Manthan scheme to drill 60 deep-sea wells and cut its reliance on oil imports by saving an estimated Rs 1 lakh crore annu

US stocks crashed with the Dow falling 500-600 points (and later 1,100 in some reports) as oil prices boiled above $101 a barrel amid Iran war fears.

President Trump's approval rating hit a new low amid the Iran war and rising gas prices, while the US Strategic Petroleum Reserve stands at its lowest level in

Saudi Arabia's alternative oil export routes via the Red Sea are facing Houthi blockade threats, forcing further rerouting through Egypt.

Indian state-run refiners have halted crude oil loadings from Iraq as security risks in the Strait of Hormuz escalate.

Chevron posted its biggest profit in six years, with the stock climbing on strong cash flow even as earnings guidance softened.

Brazil's government plans a dramatic reduction in industrial natural gas prices to boost economic competitiveness.

Brent crude fell 8.7% for the week as Iran war developments swung oil prices, with markets watching for further direction on fuel rates and the rupee.

Iranian oil smuggling has fallen by 60% as the US-Iran war and heightened enforcement disrupt illicit shipments.

US oil storage data reveals crude inventories are approaching tank bottom levels, indicating extremely tight supply conditions.

Shell projected oil prices will remain elevated for years, advising investors to maintain exposure to oil stocks.