The president was asked about a potential strike on the oil infrastructure of Iran, which accounts for about 2 percent of the world’s supply.

Growing concerns of a retaliation by Israel affecting Iran's oil production pushed crude oil futures more than 5% higher Thursday, powering gains for oil-related stocks.

Oil prices could surge past $200 a barrel if Iran's oil installations are taken offline, a chief commodities expert said.Iran accounts for over 2

Oil markets are being too complacent given the risk of major supply disruptions in the Middle East, analysts told CNBC on Thursday.

Earlier, Biden said he did not expect Israel to strike Iran today

West Texas Intermediate (WTI), the US crude oil benchmark, is trading around $70.60 on Thursday.

(Bloomberg) — Israel’s vow to retaliate against Iran for a massive missile attack on the country is bringing a focus on oil supplies from the Persian Gulf, and keeping markets on edge.

(Bloomberg) — Oil pushed higher — following its biggest one-day jump in almost a year — on concerns that Israel may decide to strike Iranian crude facilities in retaliation for a missile barrage earlier this week.

A Saudi move to grab market share will squeeze the Kremlin’s finances, experts argue.

Oil prices continued to climb on Wednesday, as fears mounted that conflict was set to spread across the Middle East following Iran's missile attack on Israel.

The escalation has led to warnings that energy exports could be disrupted if violence in the region continues to widen.

LONDON (Oct 2): Stock markets wavered while oil prices extended a rally today as Iran's missile attack on Israel fanned fears of a Middle East-wide conflict. Brent crude, the international benchmark, topped US$75 per barrel while West Texas Intermediate, the US contract, was above US$72, with bot