The Israeli military says it's responding to strikes from Iran-backed Hezbollah, and warns residents in Beirut's southern suburbs to evacuate.

International Energy Agency member countries have unanimously agreed to release 400 million barrels of oil reserves into the global market – the largest-ever move in its history – in a bid to bolster ...

Oil sector asked to assess crude quantities available for release into market as war in Iran escalates, Energy Minister says ...

The US president says Iran's "leaders are gone" and "we could do a lot worse". Meanwhile, the UAE says it's responding to ...

The reports of attacks on commercial ships came after the US said it "eliminated" 16 Iranian mine-layers in the area. Elsewhere, two drones were downed near Dubai airport.

However, energy analysts have told the BBC that given there is a shortage of refining capacity, the release is not a magic switch to increase the flow of refined products like petrol and jet fuel. And ...