Whatever happens, oil prices look set to be nearer $50 a barrel than $100 for the foreseeable future. Only an all-out war in the Middle East can change that outlook.

Analysts believe that a major supply disruption, such as the closure of the Strait of Hormuz, remains unlikely.

An about 20% rise in the global price of a barrel of oil is predicted if Israel launches missile attacks against Iranian oil fields.

The question of the path of crude prices from now on will largely depend on Israel's response to the Iranian attack ...

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So how will Israel strike next, and how far will they go to hit in their next attacks? MailOnline looks into their three main ...

Oil prices rose on Friday and settled with their biggest weekly gains in over a year on the mounting threat of a region-wide ...

OPEC+ - comprised of the Organization of the Petroleum Exporting Countries and its allies - was already preparing to lift output in less than two months. The group has plans to gradually faze out ...

OPEC+ has enough spare oil production capacity to offset any supply shocks from Iran if tensions escalate further.