Probably when President Trump moved the U.S. embassy to Jerusalem. Why the US and Israel have had such a close relationship for so long. Most of the imported oil does not go through a middle man.

Some have called it the "dumbest" crisis drummed up by Australians so far.

By Zack Beauchamp @zackbeauchamp May 14, 2018, 10:20am EDT Share this story

Typically the oil exporter, for instance Saudi Aramco for Saudi crude, contracts directly with the refiner. In the long term, it may look like a historical anomaly that the U.S. became so involved in the Persian Gulf.

Online, commentators are flummoxed over the need for an item which, were it to run out, does have rougher substitutes.

Why the oil market is even weaker than you think Producers’ realised prices are lower than they appear, while traders are braced for more turmoil Oil rigs in the Cromarty Firth, Scotland.

middle east; Is the fight over a gas pipeline fuelling the world’s bloodiest conflict?

Over the years, forest fires have destroyed much of the natural habitat of Indonesia's orangutans and released large amounts of carbon into the atmosphere.

For perspective, if Russia didn't have to pay taxes, its cash costs for oil would decline from $19.21 to $10.77, which is much more competitive with its Middle Eastern rivals. People have tended to exaggerate how much oil we imported from the Middle East.

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