During the resulting energy crisis, the cost of oil roughly quadrupled, from around $3 per barrel to nearly $12, and prices ...

Quick Read The Strait of Hormuz blockade has triggered the most severe energy crisis since the 1970s, with traffic at a virtual halt threatening combined output from Saudi Arabia, UAE, Iraq, Kuwait, ...

Perspective: The temptation is to reach for the 1970s script—this is OPEC all over again!—but the Iran war context is different.

At the height of the energy crisis in the 1970s, when oil prices more than sextupled, The Economist magazine showed a map of the Persian Gulf on its cover with the headline, “What’s a Nice Thing Like ...

As energy prices tripled in the 1970s due to Middle Eastern wars, Scandinavia, France and the Netherlands sped up green transition ...

The adoption of nuclear power accelerated in reaction to oil crises in the past, and the proposition only makes greater sense today.

The U.S. and Israeli strike on Iran over the weekend has caused traffic disruptions to key trade passages like the Strait of Hormuz, escalating concerns of oil export blockages—and a potential repeat ...

"Crude prices have firmed by 10% since the U.S. began positioning military assets in [West Asia], as traders price in a headline-driven geopolitical risk premium. The move reflects the asymmetric risk ...

Oil markets brace for disruption as tensions around the Strait of Hormuz raise fears of $100 crude and a 1970s-style energy crisis. Roughly a fifth of the world's traded oil passes through the Strait ...

The war launched by the United States and Israel against Iran spread across the Middle East, threatening to plunge the global economy into chaos, with Lebanon and Gulf energy exporters dragged into ...