Usually, as per economists, an increase of $10 per barrel on crude oil prices leads to about 0.4%-0.6% increase in inflation.

Oil prices rallied Tuesday after Donald Trump urged Tehran residents to evacuate, stoking fresh fears of all-out war as ...

U.S. stock futures slipped and oil prices rose on Tuesday, as investors were rattled by U.S. President Donald Trump’s call for everyone to evacuate Tehran with the fifth-day of Israel-Iran fighting ...

Treasurer Jim Chalmers has warned Australians could face a “perilous” threat to fuel prices as global supply chains are at risk from the heated Iran-Israel conflict.

President Donald Trump described the ongoing conflict between Israel and Iran as "painful for both parties," but asserted ...

Treasurer Jim Chalmers discusses how the conflict between Iran and Israel is creating a “perilous” situation for the global economy. “I get briefed every day on the consequences of what’s happening in ...