According to the US Energy Information Administration, approximately 20 million barrels of oil and petroleum liquids pass ...

During the infamous oil embargo of 1973, when the world’s petroleum-producing countries stopped exporting to the United States during the Yom Kippur War, the effects on the U.S. were disastrous.

From the Arab oil embargo of the 1970s to Russia's invasion of Ukraine, and now the US, Israel-Iran war, crude prices have reacted sharply to each conflict.

The ongoing conflict in the Middle East is unlikely to trigger a global economic collapse on the scale of the 2008 financial crisis, Nobel Prize-winni.

The global oil system has effectively concentrated a fifth of its supply through a single narrow shipping lane with limited ...

It’s still early in the current war in the Middle East, but the impact on oil markets may feel like déjà vu for those who remember the oil embargo of the 1970s.

Ten days after the first American and Israeli strikes against Iran, oil prices have cooled slightly after soaring above $100 a barrel.

Iran’s warnings that oil flows to US and Israeli allies could be disrupted as long as the conflict continues appear designed to push energy prices higher. Oil prices eased after US-Israeli strikes but ...

More than half a century after the Arab-Israeli war of 1973 convulsed the global energy system, the US-Israel war on Iran has ...

From the coal crisis under Ted Heath to Tony Blair’s fuel blockades, the UK economy is no stranger to an energy shock. However, as Sean O’Grady explains, things might be different this time ...

Israel and America bombed Iran for 'so many reasons'. The Strait of Hormuz shut down, almost. Thirty-one percent of global ...

What differentiates the current situation is the stacking of multiple supply disturbances including interruptions along ...