Wars in the Middle East can send oil prices jumping worldwide because the region sits on critical export routes, spare ...

The price of oil surged after U.S. and Israeli strikes on Iran, which killed its supreme leader. U.S. crude oil initially soared more than 10%, while Brent, the international oil benchmark, surged as ...

Learn how price controls affect the economy with types, real-world examples, and the pros and cons of government-mandated price floors and ceilings.

Oil prices soared past $100 a barrel recently, as the Iran crisis continues to impact global energy markets. With volatility now hitting new levels, prediction markets offer insight into how far ...