Rising oil prices and a slowing labor market could be the two forces that drag the US economy into a downturn, Mark Zandi said.

Reporter President Donald Trump says surging gasoline prices are a “very small price to pay” as the Iran war roils global energy markets, sending crude oil prices surging above $100 a barrel for the first time since Russia’s 2022 invasion of Ukraine.

Oil prices rose sharply Monday as disruptions to tanker traffic through the Strait of Hormuz chokepoint raised uncertainty about how U.S. and Israeli attacks on Iran would affect supply to the world economy. U.S. oil traded 8.40% higher at $72.63 per ...

The ongoing conflict in the Middle East has sent oil prices soaring and has prompted G7 leaders to consider the potential release of emergency oil reserves to provide relief to consumers facing higher gasoline prices. Gas prices have risen in response to ...

The Strait of Hormuz is effectively closed, placing 21% of global oil trade at risk and triggering triple-digit oil prices. Current supply disruption dwarfs previous crises, with a potential deficit of 13–15 million bpd that cannot be rerouted.

Oil ETFs are roaring higher — making the rally in silver and gold look tame. Four of the five top-performing actively traded commodity ETFs this year, including United States Brent OilBNO and United States OilUSO, are pure-play oil bets, says Morningstar ...