Oil prices surged above $100 as war in Iran disrupts energy supplies. Here's what BofA says is the biggest factor in any oil shock.

The last three oil shocks followed a surprisingly consistent pattern. Here's what they say about where the S&P 500 goes from here.

Member countries of the International Energy Agency unanimously agreed Wednesday to release 400 million barrels of oil into the global market – the largest release of emergency oil stocks in history – in a drastic move aimed at shoring up crude supplies and capping a surge in prices caused by the conflict in the Middle East.

Global energy watchdog pledges largest release from oil reserves amid war on Iran. But is ‘one-shot’ tactic sufficient?

PARIS (AP) — A group representing many of the world’s wealthiest countries agreed Wednesday to release the largest volume of emergency oil reserves in its history, in a bid to counter the effects of the Iran war on energy markets and the halt of cargo shipping through the Strait of Hormuz.

A historic disruption to the world’s oil production sent crude prices smashing through the $100 barrier Monday for the first time in nearly four years.

As American and Israeli strikes pound the Islamic Republic and Iran attacks Persian Gulf shipping and energy infrastructure with no sign of an end to the war, oil prices have soared back above $100 a