Israel launched a new wave of strikes on Tehran and Iran responded with more missile barrages. Iran has said it has closed navigation through the Strait of Hormuz, prompting Asian governments and refiners to assess oil stockpiles.

April WTI crude oil (CLJ26) today is up +0.54 (+0.81%), and April RBOB gasoline (RBJ26) is up +0.0161 (+0.72%). Crude oil and gasoline prices are moving higher today, with crude climbing to a 6.5-month high.

Motorists and consumers will pay more for petroleum products from midnight. The retail prices of gasoline, diesel, kerosene and liquefied petroleum gas

WTI crude oil is holding near $63.41 on Tuesday, slipping modestly but staying above key support levels as traders balance rising Middle East tensions against questions over future supply.

Middle East leaders have warned Washington that the Iran war could lead to oil prices jumping to more than $100 a barrel.

Petrol prices are unlikely to soar in Australia in the near future, despite the

Occidental Petroleum stands to benefit from rising petroleum prices amid the escalating U.S.-Iran conflict, boosting its earnings and free cash flow potential. The company’s aggressive debt repayment strategy is freeing up cash and improving its long ...