Oil prices surged above $100 per barrel as the critical Strait of Hormuz remains closed due to threats from Iran.

BRASILIA, March 9 (Reuters) - Brazilian Finance Minister Fernando Haddad is expected to step down by the end of next week to ...

LONDON, March 9 (Reuters) - Britain stands ready to support the release of emergency oil reserves in response to a spike in ...

Gulf Arab oil producers are cutting production as they run out of storage space because they can't export through the Strait ...

The Minister of Finance, Dr Cassiel Ato Forson has announced new measures to protect government revenue and strengthen border controls following discussions with the Acting Commissioner of Customs, ...

President Donald Trump called surging oil costs a “very small price to pay.” Group of Seven leaders are set to convene Monday ...

Finance ministers say they will monitor the market situation and might release strategic reserves if necessary to support ...

Oil price climbs after G7 countries decide against immediate release of strategic reserves ...

Follow live NBC News coverage and latest updates as Trump says oil price rises are a small price to pay, Iran names Mojtaba ...

The 32 members of the IEA hold strategic reserves as part of a collective emergency system designed for oil price crises. One ...

The Ministry of Finance has proposed cutting preferential import tariffs on several fuel products to 0 percent in an effort to diversify supply and stabilize the domestic petroleum market.

Germany's finance ministry said on Monday that G7 finance ministers would meet later in the day to discuss the impact of the war in Iran.