For decades, the world has looked to the Middle East as the heart of global oil production,a region synonymous with vast ...

The past few months have been a roller coaster for the oil-and-gas industry. U.S. oil prices started the year at roughly $73 a barrel, dropped to $57 in May and rebounded again last week.

Oil prices have fluctuated due to concerns about potential supply disruptions in the Middle East following recent Israeli strikes on Iran, but no actual supply cuts have occurred. The Strait of ...

Gas prices, meanwhile, have plummeted in recent months. The reemergence of sky-high oil and gas prices, however, could result from continued escalation in the Middle East, experts said.

ARI SHAPIRO, HOST: War broke out in the Middle East, but unlike in decades past, there has not been panic about a subsequent oil crisis. NPR's Camila Domonoske is here to explain why.

Middle East oil power is losing geopolitical influence. Global energy diversification and reduced Western dependence—especially by the U.S. and EU—have made markets more resilient to Middle ...

"If this is a really, really a full-fledged war, I think oil price will be hiked to more than $100," Ueda said. Oil prices dipped on Monday after rising earlier in the session and surging 7% on ...

Why China’s Leverage Over Iran May Be Limited The U.S. has urged China, Iran’s biggest oil customer, to stop Tehran from closing the Strait of Hormuz, which handles about 20% of global petroleum.

Conflict in Middle East shadows oil industry gathering in Malaysia By Florence Tan and Sudarshan Varadhan June 16, 20253:58 AM PDTUpdated June 16, 2025 ...