President Trump met with oil industry executives to discuss the economic impact of the ongoing Iran war, Axios reported.

Oil prices climb to $115 per barrel following reports of an extended blockade involving Iran. The surge in market pricing follows concerns over potential supply disruptions in the region.

Global oil prices have risen to $115 per barrel following reports of an extended blockade involving Iran.

The United Arab Emirates has officially withdrawn from OPEC. The move follows recent internal tensions within the oil-producing bloc, though global crude prices have remained stable following the announcement.

The United Arab Emirates has withdrawn from the Organization of the Petroleum Exporting Countries (OPEC).

CNBC reports a bidding war for jet fuel breaks out as airlines describe 'global stress test' over shortages and cancellations.

Jet fuel bidding war breaks out as airlines confront 'global stress test' over shortages and cancellations.

Global LNG production fell 8% in March following the closure of the Strait of Hormuz, according to the International Energy Agency. The supply shock marks a shift from previous double-digit growth in the sector.

The International Energy Agency reports that global LNG production declined by 8% year-on-year in March following the closure of the Strait of Hormuz.