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An ongoing Iran war is expected to cause a motor oil shortage and price increases in the United States. The U.S. imports a large percentage of base oils used in motor oil from the Middle East, a ...

The war in Iran has already driven fuel prices higher in the U.S. and rattled global supply chains across a wide range of industries. Now, the lubricant sector warns of a potentially far-reaching ...

Hannah Harper is a wellness editor for Health. Previously, she was an associate editor, assistant editor, and editorial assistant for Health. She covers topics on nutrition, women's health, and more.

Oil is once again making headlines. This week, the United Arab Emirates (UAE) made the shock decision to leave the Organisation of the Petroleum Exporting Countries (OPEC). OPEC is network of ...

President Trump said he expects a deal with Iran will be announced fairly soon, and said it would give the U.S. “free oil and free Hormuz Strait.” The president was asked about the economy and oil ...

The Iran conflict has led to higher premiums on U.S. oil production as markets have shifted from oversupply to a supply shortage. The world now relies less upon oil than it did in 1973, dropping from ...

With supply chains at risk, the aid to Southeast Asian nations is aimed at securing the availability of oil-based products, including medical equipment. By River Akira Davis and Kiuko Notoya Reporting ...

LONDON, April 9 (Reuters) - European and African crude oil prices climbed to fresh records on Wednesday, defying a sharp selloff in oil futures after a U.S.-Iran ceasefire was reached on Tuesday, as ...

Grace Manthey is the senior visual data journalist and data team coordinator for CBS News and Stations. She is an Emmy-winning journalist and visual storyteller with a passion for telling stories that ...

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The supply-chain chaos stemming from the Iran war is likely to play out in one of three ways, according to TS Lombard. In a recent note to clients, the investment research firm laid out the varying ...