The latest oil and gas news from around the world.
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Oil swung wildly Monday as fears over the Strait of Hormuz collided with signals the US-Iran conflict may soon wind down.
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Iran named the son of the late Ayatollah Ali Khamenei as its new supreme leader and President Donald Trump called $100 oil a 'small price to pay'.
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'The island has evolved into the backbone of Iran's export system', J.P. Morgan analysts stated.
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'These are just incredible moves', Aaron Hill, Chief Market Analyst at FP Markets, said.
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WTI jumped 12% Friday as disrupted shipping and supply fears pushed crude toward $100 a barrel.
