The workhorse of the fuel world was climbing on Monday, with a strike on a major Saudi Arabia refinery getting the blame.

Oil prices jumped 13% to cross $80 per barrel for the first time since 2024 as traders began rapidly pricing in major disruption to oil flows through the Middle East.

President Donald Trump’s new war hit the markets Monday morning, with the economic fallout set to hammer the same Americans he needs to save him at the midterms. Oil and gas prices rocketed as trading ...

Ras Tanura is one of the Middle East's largest refineries and a key artery for Saudi crude and fuel exports. Even a ...

Why are global sugar, oil and gas prices surging now, and how many oil and liquefied gas tankers are stuck near Strait of Hormuz? Prices jumped after the Iran conflict disrupted Gulf shipping. About ...

China and its neighbors scrambled to soften the blow of a disorderly trade war. Conflict in the Middle East threatens now ...

Saudi Aramco’s Ras Tanura refinery was temporarily shut after a drone strike caused a limited fire. No injuries were reported ...

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A note by Axis Asset Management, released on March 2, says while such conflicts can spark short-term volatility, history ...

The worsening Middle East conflicts risks destabilising the already fragile global economy - with the UK particularly vulnerable ...