Sorry No Gas Sign Beside Gas Pumps At Service Station Due To OAPEC Oil Crisis. Whether the 2026 crisis will approach the ...

The closure of the Strait of Hormuz during the U.S. war with Iran has sent energy prices way up. Something similar happened ...

The United States-Israeli war on Iran has caused the biggest oil disruption in history, according to the International Energy Agency (IEA). The agency was founded in 1974 as a direct response to the ...

The modern American oil and gas system was not engineered in calm conditions. It was forged amid gasoline lines, collapsing ...

The world still runs on petroleum. That's what many are finding out after the shocks reverberating across the global economy as the Strait of Hormuz remains closed, shutting off a large portion of ...

From the 1973 oil embargo to the shale shock and the birth of OPEC+, the oil cartel that repeatedly reshaped global markets is now facing a new challenge after the UAE’s exit.

History does rhyme. The OPEC oil embargo began in October 1973, when Arab members of OPEC announced an embargo against the United States, Canada, Japan, and Western European nations in retaliation for ...

Forbes contributors publish independent expert analyses and insights. I write about economic policy for the 21st century. Last month, I warned that gasoline prices could rise to perhaps $10 a gallon.