Although the U.S. is a net oil exporter, higher oil prices could increase inflation and lower economic growth.

A sustained rise in the price of crude oil, which jumped sharply after Israel attacked Iran, could hurt consumers and ...

Conflict in the Middle East often leads to higher wholesale energy prices, which can feed through to inflation.

The cost of crude oil affects everything from the price of food at the supermarket to how much it costs to fill up your car.

The closure of the Strait of Hormuz would cause oil prices to surge and trigger a sharp slowdown in economic growth, ...

The jump in oil prices following Israel's strikes on Iran could exacerbate stagflationary conditions if they persist, ...

International crude oil prices jump as Israel-Iran conflict sparks fears of inflation and supply issues in India and global ...

Despite not relying on Iran for its oil supplies, petrol and other prices in Australia will rise due to the global impact of ...

Inflation moved up in May as Trump's tariffs threatened to filter into consumer prices, CPI report shows. Gasoline prices ...

Just days after announcing the federal budget, the government has increased petrol and diesel prices, further burdening the ...

President Trump has been able to argue that falling energy prices early in his term show his economic policies aren’t stoking ...

Ansid Capital's Anurag Singh predicts stable oil prices between $60 and $90 for the next four years. He believes the US ...