Brent futures were trading about 10% higher near $80 a barrel, while diesel futures — the engine of the global economy — ...

Energy experts warn that petrol and diesel prices in Nigeria could rise if crude oil exceeds $90 per barrel, as a result of the war between Iran and the US/Israel.

Explosions have been heard in multiple Gulf cities including Dubai, Abu Dhabi and Doha, while Israel and Hezbollah are trading blows as the war with Iran widens. Follow for live coverage.

Bloomberg's sources familiar with the matter said Aramco has suspended operations at the Ras Tanura facility following the incident.

Par Hawaii Refining LLC, a more than 50-year-old petroleum refinery in James Campbell Industrial Park, says this month it will start up the largest renewable fuel production facility in Hawaii.