The cost of hauling crude oil from the Middle East to China rose more than 94% to hit a record high of $423,736 per day on Monday.

The US President laid out his case against the Iran nuclear pact and detailed military objectives as Washington and Tehran move deeper into confrontation.

While Babylon Navigation’s tanker Bianca awaits beaching at Alang, the rest of its fleet appears anchored off Iraq ...

The SS United States, the cruise liner that once ruled the waves, is being prepared for deliberate sinking off the Florida ...

Iran’s tyrannical Supreme Leader Ali Khamenei has been killed in Saturday’s daring airstrikes along with senior leadership, ...

Global stock markets plummeted as Donald Trump’s war in Iran triggered fears of an inflation crisis. Shares plunged and ...

A proposed deepwater oil project off the Canadian east coast reached a key milestone Tuesday as the Newfoundland and Labrador ...

White House spokesperson Karoline Leavitt made her statements during the buildup to Trump's State of the Union address, ...

The Middle East crisis has triggered fears of petrol price hikes.

Zack Polanski would 'progressively reapportion' the defence budget and respond to any attack on Britain with a 'proportional ...

The Islamic Revolutionary Guard Corps (IRGC) Navy of Iran has reportedly stated over radio that vessels are prohibited from ...

Oil and gas traders have spent days scrambling for alternative sources of supply to Asia outside of the Middle East on concerns a prolonged conflict could choke off flows from the energy-rich region.