Latest OPEC News

A protester waves the national flag while demonstrators set fire to close streets near Tahrir Square during a demonstration against the Iranian missile strike in Baghdad, Iraq, Wednesday, Jan. 8, 2020. Iran struck back at the United States early Wednesday for killing a top Revolutionary Guard commander, firing a series of ballistic missiles at two military bases in Iraq that house American troops in a major escalation between the two longtime foes. (AP Photo/Khalid Mohammed)

The Latest: Iran says it doesn't want war, but will respond

Jan. 14, 2020 8:50 AM EST

TEHRAN, Iran (AP) — The latest on U.S.-Iran tensions after the U.S. airstrike that killed Iran's top general (all times local): 2:10 a.m. Iran is informing the United Nations that it took “a measured and proportionate military response” to the U.S. airstrike that killed its top military...

FILE - In this file photo dated 1990, Aramco refinery at Ras Tannura, Saudi Arabia. The price of oil surged Friday Jan. 3, 2020, as global investors were gripped with uncertainty over the potential repercussions and any retaliation, after the United States killed Iran's top general Qassem Soleimani.(AP Photo/FILE)

Deadly attack by US on Iranian general rattles energy market

Jan. 3, 2020 12:48 PM EST

LONDON (AP) — Crude prices on Friday had the largest one-day spike since a September attack on the world's largest oil processing facility in Saudi Arabia after the U.S. killed Iran's top general in a drone strike. If sustained, the rise in oil prices could push the cost of gasoline, heating fuel and...