Global oil prices have not climbed enough to cause demand destruction, U.S. Energy Secretary Chris Wright said on Monday at the CERAWeek energy conference in Houston, Texas, even as markets continued to gyrate and global oil prices remained near $100 a barrel due to the U.S.-Israeli war on Iran.

U.S. President Donald Trump said on Monday he had given orders to postpone any military strikes against Iranian power plants for five days, hours ahead of a deadline that threatened further escalation in the conflict now in its fourth week.

China has urged all parties involved in the Middle East conflict, particularly the U.S. and Israel, to cease military operations, warning of a "vicious cycle" in a war that analysts say if prolonged, could undermine global growth and weaken demand for Chinese exports.

MANILA, March 22 – The Philippines has allowed the temporary and limited use of a cheaper but dirtier type of fuel to ensure supply as it finds ways to cope with the...

By Pavel Polityuk KYIV, March 22 (Reuters) – Ukrainian President Volodymyr Zelenskiy on Sunday urged allies to keep up sanctions pressure on Russia ahead of a second day of talks between Ukrainian...

U.S. President Donald Trump and Iran threatened to escalate their war by attacking energy and desalination facilities in the Gulf, a potential widening of hostilities that could deepen a regional crisis and add to concerns in global markets.

Trade is agnostic, and because it is a physical entity that can be tracked, it can blast away the bluster of trade announcements. The reality is in the trade moving.

By Lorenzo Hernandez PROGRESO, Mexico, March 20 (Reuters) – Volunteers in Mexico loaded a fleet of modest boats bound for Cuba with rice, baby wipes and other supplies in a growing grassroots effort to...

Multiple U.S.-flagged commercial vessels critical to America’s sealift capability are effectively stranded inside the Persian Gulf amid the U.S.-Israel conflict with Iran, prompting one Senator to demand urgent action from U.S....

Libya's National Oil Corporation said on Saturday that it had contracted a specialist company to handle a damaged Russian tanker carrying LNG that is drifting towards the Libyan coast.

By Crispian Balmer BAGNOLI, Italy, March 21 (Reuters) – Rusted factory skeletons loom over a shoreline poisoned by decades of heavy industry on the western fringes of Naples, which will next year...

The U.S. Treasury’s Office of Foreign Assets Control (OFAC) on Friday issued a new general license authorizing the delivery and sale of Iranian-origin crude oil and petroleum products already loaded...