Before the war in Iran, roughly 15 million barrels of Persian Gulf oil were shipped each day through the Strait of Hormuz. Within a few years, much of that oil could bypass the strait. As Iran's ...

The world has found ways to adapt without crude from the Strait of Hormuz. Experts say that won’t last. When the Strait of Hormuz first closed at the start of the 2026 Iran war, the world braced for ...

Sound familiar? A pause in fighting between the United States and Iran has given oil traders hope that a diplomatic resolution could restart the flow of oil traffic out of the Middle East. Oil prices ...

Global oil prices topped $100 a barrel this week, bringing crude futures back to a two-month high. Their share surge erased all of the relief seen since the U.S. and Iran in June agreed to a ceasefire ...

China sharply cut crude imports and demand, reducing pressure on global oil markets U.S. boosted output and released Strategic Petroleum Reserve crude June reopening of Strait of Hormuz eased ...

XOM and CVX have surged 24% and 25% year-to-date as the Strait of Hormuz crisis rewarded energy investors betting on supply tightness. The SPR has fallen to a Reagan-era low of 320 million barrels ...

The Strategic Petroleum Reserve has fallen to the lowest level since March 1983. The reserve has been tested in recent years as energy markets were disrupted by the U.S. war against Iran in 2026 and ...

Oil prices rose Monday after President Donald Trump said that Iran would pay for the deaths of three U.S. service members. The U.S. has bombed Iran for nine consecutive nights in retaliation for ...

Oil prices rose Thursday to their highest levels in nearly two months after the latest Iran war escalation threatened severe new disruptions to global energy supplies. Brent crude oil, one of two key ...

Oil prices tumbled Monday as the United States and Iran paused their escalating strikes to make “space” for diplomacy. The two sides halted fire over the weekend, following 13 consecutive nights of ...

Oil shocks from the war with Iran and the Russia-Ukraine conflict have left the U.S. Strategic Petroleum Reserve at its lowest level since 1983. WSJ’s David Uberti explains how we got here. Photo ...