Rebecca F. Elliott

The world’s biggest oil companies are benefiting from the high commodity prices that have been a drag on the rest of the economy.

Attacks in the Strait of Hormuz during the Iran war have led Saudi Arabia to rely on an alternative route for exporting oil. Our reporter Rebecca F. Elliott explains how that route is now threatene...

The first U.S. attempt at reopening a shuttered reactor has been held back by run-down equipment and a lack of planning.

Saudi Arabia has diverted huge amounts of oil to the Red Sea since the Iran war began, but now the Iranian-backed Houthi militants say that they intend to block that route.

With the Strait of Hormuz effectively closed, the militant group’s threats in the Red Sea jeopardize Saudi Arabia’s main workaround for oil exports.

Brent crude, the global benchmark for oil, rose more than 3 percent as trading resumed on Sunday, while S&P 500 futures remained essentially unchanged.

For decades, OPEC influenced the market by how much oil it produced. But China, the largest importer, is demonstrating its remarkable power over prices.

Oil prices are likely to remain volatile as long as the United States and Iran are unable to resolve the status of the Strait of Hormuz.

The cost of crude has become a real-time barometer of the Iran war’s toll on the global economy.

President Trump and Vice President JD Vance pointed to progress on Iran’s nuclear program, but officials in Tehran said “no new commitments” had been made.

U.S. oil production is expected to grow only modestly next year as companies hesitate to spend more in an uncertain market.

More oil is getting out of the Persian Gulf, but the region’s producers are looking for signs that it is safe as they ramp up plans for alternative routes.

The vice president said the United States had leverage to dictate the outcome of the next round of negotiations. But he claimed incorrectly that Iran got no new benefit from the lifting of oil sanc...

Plus, the “Obamalisk” opens.

Oil prices fell and stocks gained on Sunday evening on the hope that a deal would allow more energy and other goods to flow through the Strait of Hormuz.

The amount of oil and fuel stored by businesses and governments has fallen sharply since the start of the U.S.-Israeli war against Iran.

The Iran war is pushing countries to prioritize domestic energy in order to protect themselves from volatile oil and natural gas markets.

Some analysts said the main international oil price, which was up 6 percent on Monday, could climb much higher in the coming weeks if the Strait of Hormuz doesn’t reopen.