The escalating conflict between Israel and Iran raises concerns of a global energy crisis as oil prices surge and the Strait of Hormuz faces potential closure.
As part of their attempts to avoid being caught in the crossfire, Gulf states including Saudi Arabia, the United Arab Emirates and Qatar are also refusing to let Israel fly over their airspace for any ...
Oil futures pulled back Friday but remained on track for weekly gains, buoyed by uncertainty around expected Israeli retaliation for a barrage of ballistic missiles launched last week by Iran. Israel ...