With public outrage over the invasion of Ukraine rising, Biden administration is less able to resist measure, which could further increase inflation and prices at the pump

Wide-ranging sanctions against Moscow fuel uncertainty in global markets, with prices of crucial commodities such as metals and grains soaring

Strikes on Saudi facilities have increased in frequency and precision in recent weeks, raising concerns about kingdom’s air defenses and the expanding capabilities of the rebels

Leading suppliers to drop global crude output by 10% to boost cratering demand as Saudi-Russia feud, coronavirus batter markets

Rare cooperation by competing countries will see production cut by 10 million barrels a day in an attempt to boost prices and stabilize teetering world market

Measure to be in place for 21 days as kingdom sees sharp spike in COVID-19 cases

White House presses for $1 trillion rescue package as global economic crisis sparked by coronavirus continues to spiral, deaths shoot up in Italy

China's energy demand sags amid lockdown of millions of people to prevent spread of disease; valued at over $2 trillion in December, Saudi company slumps to $1.75 trillion

Some experts counter that effect of Mideast geopolitical crisis on oil prices may be smaller than it once was as US energy industry, for instance, can ramp up shale oil production

In previous flare-ups with the US, Iran has threatened the supply of oil that travels from the Persian Gulf to the rest of the world