The Strait of Hormuz crisis is spooking markets, but another crisis has been emerging—one that could hit the entire U.S.

California’s shrinking refining base is cutting local gasoline output to a decade low, pushing the state into structurally ...

Oil prices surged on tighter U.S. measures against Iran and the UAE’s OPEC exit, reinforcing fears of prolonged supply ...

Asian buyers are increasingly sourcing U.S. crude via the Panama Canal as Middle Eastern supply is disrupted, pushing Canal ...

Phillips 66 beat Q1 estimates by $0.88 per share with $207M net income as higher refining margins and a Middle East-driven ...

The Iran war-driven energy shock is threatening to slow U.K. growth, fuel inflation, and force difficult fiscal and monetary ...

Crude oil inventories in the United States decreased by 6.2 million barrels during the week ending April 24, according to new ...

Pakistan's oil import bill has surged 167% to $800M per week since the Iran war began, forcing emergency conservation ...

Barclays expects UAE oil output to grow faster following its surprise OPEC exit, though Hormuz access remains a key ...

The U.S. is maintaining its naval blockade outside the Strait of Hormuz, with Treasury Secretary Bessent warning Iran’s oil ...

Increased imports of Venezuelan crude by Chevron are helping ease price pressures at the margin, with potential longer-term ...

The United States is rapidly expanding its military presence in the Middle East to pressure Iran and prepare for a potential ...