The price of crude oil has swung sharply as uncertainty over the war in the Middle East continues.

The price of crude oil has swung sharply as uncertainty over the war in the Middle East continues.

The price of crude oil has swung sharply as uncertainty over the war in the Middle East continues.

The price of crude oil has swung sharply as uncertainty over the war in the Middle East continues.

Oil prices have surged past $115 in the midst of circulating reports that the US is preparing for an “extended” blockade of Iran, further restricting global energy supply chains. Brent...

Brent crude climbed to around $115 a barrel as traders reacted to the UAE's surprise exit from OPEC and signs of a prolonged US blockade of Iran. The move highlighted market fears that the Iran war and disruption in the Strait of Hormuz may keep energy prices elevated.

April 29 (UPI) -- The price of Brent crude oil passed $115 per barrel early Wednesday while President Donald Trump urged Iran on social media to agree to a nuclear deal.

The Strait of Hormuz shutdown is prompting moves to pull stock from global inventories, with market sources saying late on Tuesday that the American Petroleum Institute reported US crude oil inventories fell for a second week.

BEIJING: Oil prices rose on Wednesday (Apr 29), extending a multi-day rally, on reports that the US will extend its blockade of Iranian ports, likely prolonging supply disruptions from the key Middle East producing region.US President Donald Trump has instructed aides to prepare for an extended blockade of Ir

Oil prices surge 3%+ as UAE departs OPEC and Trump administration plans extended Iran blockade. Brent hits $114.93 with Strait of Hormuz still closed.