Takahiro Yamamoto, President & CEO of Taiyo Oil says oil price increase and supply disruption could have material impact on its business given 30-40% of its crude import comes from the Middle East region.

Implied volatilities jumped higher across asset classes last week as Middle East tensions escalated. Click to read.

Oil prices are rising as traders once again express concern about disrupted Middle East supplies as the conflict between Israel and Iran continues. The cost of crude has been highly volatile in recent sessions as the market reacts to signs of escalation and hopes for a ceasefire.

This latest iteration of the Middle East crisis is both familiar and unfamiliar. We’re all back obsessing about the oil price, yet we also know from the last few years that that same oil price has appeared somewhat impervious — oblivious?

DRIVERS must be spared a fuel duty hike as tensions in the Middle East push up global oil prices, MPs have warned.  New figures show petrol prices rose to 132.1p a litre yesterday,

TOKYO (Reuters) -Oil prices jumped in early Asian trade on Monday after Israel and Iran launched fresh attacks on Sunday, heightening fears that escalating battle could trigger a broader regional conflict and widely disrupt oil exports from the Middle East.