On the other hand, Israel and its Western allies accuse Iran of being behind a series of attacks on Israeli interests, including several drone strikes on Israeli-owned oil tankers and cyberattacks.

The escalating conflict between Israel and Iran has raised concerns among top oil executives about potential disruptions to global energy supplies and prices. Despite a declared ceasefire by U.S ...

After fuel prices jumped by more than P5 per liter this week, the Department of Energy said motorists could expect a rollback of over P2 per liter next week.

Analysts at Goldman Sachs have suggested a worst-case scenario could lead to the supply of oil through the Strait of Hormuz halving for a month and dropping 10% for another 11 months. This would lead ...

Oil prices have tallied steep losses so far this week, pulling back sharply from gains seen at the start of the Israel-Iran conflict less than two weeks ago.

Yields and prices move in opposite directions, meaning prices are higher. —Lee Ying Shan Oil prices surge 9% on heels of Israeli strikes, set for largest single-day gains in about five years ...

The consequences of the increasingly urgent hostilities between Israel and Iran are multifold—humanitarian, geopolitical, and so on. If the situation deepens, it could also have important implications ...

A potential ceasefire between Iran and Israel would significantly reduce global oil market tensions by securing crude supplies from Iran and ensuring safe passage through the critical Strait of ...

Oil fell almost 4% to $65.84 a barrel early Tuesday, and is now below where it was before fighting between Iran and Israel began over a week ago, when a barrel of U.S. crude was just above $68.

Additionally, average diesel prices recorded their largest weekly jump since August 2023. Now, with the U.S, launching attacks on Iran, oil prices are likely to continue trending higher." ...

Fuel prices are set to increase by up to P1.40 per liter starting Tuesday, July 15, after two weeks of rollbacks following ...

The Iran-Israel war did not spike in American energy prices, and the seeming end to the war indicates that there is unlikely to be one, energy sector experts told the Daily Caller News Foundation ...