Brent crude oil prices rise over $3 to $121.64 per barrel amid reports suggesting potential U.S. military action in Iran.

Russia's Novak rules out a price war following the UAE's exit from OPEC and OPEC+. The official dismissed concerns of a market collapse despite acknowledging a deep crisis within the global oil industry.

Russian Deputy Prime Minister Alexander Novak stated that a price war following the UAE's exit from OPEC and OPEC+ is excluded, despite the ongoing deep crisis in the oil industry.

Oil prices surge above $125 a barrel, highest since 2022, as Trump weighs Iran blockade extension.

Oil prices surge to above $125 per barrel, the highest level since 2022, as Trump mulls Iran blockade extension.

China’s largest oil and gas company pledges to prevent domestic energy shortages as Beijing works to buffer its economy from shocks caused by the war in Iran.

China’s largest oil and gas company has pledged to prevent domestic energy shortages as Beijing works to mitigate economic impacts stemming from the ongoing war in Iran.

Brent crude surges over $8 to $126.09/bbl, strongest since March 2022.

Brent crude surges more than $8, hitting $126.09 per barrel—its strongest level since March 2022.