Oil prices dipped Friday but remained well above $100, with energy infrastructure in the Middle East damaged and the vital Strait of Hormuz still largely shut.

There is no short-term fix for the quagmire in Iran and high oil prices. Add uncertainty about jobs and inflation and there might be a recession in the near future.

Oil prices jumped Thursday to their highest level in nearly seven months and investors snapped up safe havens like gold, as tensions between the United States and Iran continue to flare. Brent crude, ...

Global energy markets are in turmoil as Iran disrupts oil flows through the Strait of Hormuz. This chaos is proving ...

Sharp, rapid swings in the price of oil can have outsize effects on companies, economies, and global geopolitics. Oil price spikes can stunt economic growth, for example, and a sudden price plunge can ...