Stocks fell and global oil prices settled at $100 per barrel for the first time since 2022 as the effective closure of the Strait of Hormuz continued to roil markets.

The price of a barrel of Brent crude oil briefly topped $100 a barrel early Thursday, just days after it spiked near $120 in the latest jolts to financial markets and the global economy as a whole.

In a message ​read out by a ⁠state TV ⁠broadcaster, the ⁠first the ​new supreme leader has ​issued ⁠since he was appointed to ⁠succeed his slain father, Mojtaba said ⁠all U.S. bases in the region shou...

U.S. stocks are holding relatively steady, as the price of oil gets back to climbing. The S&P 500 edged up 0.1% in early trading Wednesday, coming off a rare day of relatively modest moves following a punishing stretch of extreme swings caused by the war with Iran.

The IEA's decision to release 400 million barrels of oil from global strategic ​reserves has already had a "strong impact" on energy markets, ‌which are in an "extremely critical period" after the clo...

The release would exceed the 182 million barrels of oil that IEA member nations put on the market in two releases in 2022 when Russia launched its full-scale invasion of Ukraine, the newspaper said.