The conflict ​in the Middle East has deepened forecasts of a global oil deficit in 2026, according to a Reuters poll of ‌analysts, but recovering Gulf flows, robust U.S. production and weaker demand from China are expected to tip the market into an oversupply in 2027.

The attack threatened to all but halt traffic through the crucial waterway again four months into the war with the Islamic Republic. President Donald Trump, in Ankara for the Nato summit, lashed out at European allies while gushing over Syria’s new president — a former jihadi — as the conflict continued to ripple through the global economy.

Brent crude hit on Monday its highest price since June due to renewed fighting between the United States and Iran, while Asian equities were mixed as investors weighed the fallout of a prolonged Middle East war.

The escalating U.S.-Iran war threatens Asian oil refiners' plans to ramp up output in August, which could keep global fuel stocks tight and bolster prices for longer unless China ​fills the gap.

Iran warned on Thursday that the shaky ceasefire in the three-month Middle East war was now "practically meaningless" following fresh strikes by the United States that saw Tehran respond with attacks around the region. The war, which began on February 28 ...

The Association of Southeast Asian Nations (ASEAN) foreign ministers on Tuesday expressed serious concern over the rapidly changing situation in the

Add Yahoo as a preferred source to see more of our stories on Google. US President Donald Trump (R) and Israeli Prime Minister Benjamin Netanyahu at Trump's Mar-a-Lago residence in December (Jim WATSON) The US-Iran framework agreement to end the Middle ...

A newly signed deal to end the Middle East war was already under strain on Friday, after talks in Switzerland were postponed and fighting flared between Israel and Hezbollah in Lebanon. The developments came after Iran's supreme leader announced he had ...

The U.S. moves more heavy bombers and refueling planes to the Mideast as hostilities in the war with Iran steadily increase.