Thus, the world saw a price spike which, despite being widely predicted by many smart people, didn’t happen, and the reasons ...

The Odessa American is the leading source of local news, information, entertainment and sports for the Permian Basin.

In the event, Monday proved a turning point. Tehran didn’t close the strait. Instead, it fired missiles on a nearly empty ...

National average gas prices reached a four-year low, with analysts projecting stability through the Independence Day holiday ...

Middle East tensions have ebbed in recent days. But experts warn prices in the U.S. could jump if Iran further retaliates in ...

Planning a July 4th road trip? Gas prices are actually down more than 20 cents from this same time last year despite Middle ...

Early panic pushed crude oil past $81, but prices have since fallen as traders bet the Strait of Hormuz will stay open.

Gold is supported by inflation hedging, central bank demand, and geopolitical risks amid de-dollarization and weak supply.

In the middle of all this, we had a viewer asking, since we haven’t bought oil or gas from Iran in 25 years, why would the ...

The following day, the same thing happened, driving crude prices down by double digits this week. The seemingly illogical ...

BRUSSELS — Foreign ministers from across the European Union gathered in Belgium on Monday for their regularly scheduled ...

After President Donald Trump authorized a military strike at three of Iran's nuclear sites, Americans have many questions.