Tanker operators in the Strait of Hormuz are facing higher shipping and insurance costs, despite a drop in oil prices, as ...

A narrow passage of water called the Strait of Hormuz is the primary route for Middle Eastern countries shipping oil and petroleum products from the Persian Gulf to the rest of the world. Iran has ...

In 2024, average daily exports stood at 20.3 million barrels of crude oil and 290 million cubic meters of liquefied natural ...

The war between Israel and Iran has raised concerns that Iran could try to close the Strait of Hormuz, the world’s most ...

Analysts with ING financial group outlined four possible avenues for Iran: full escalation that also draws in other nations ...

Iran is reportedly weighing blocking a key commercial choke point known as the Strait of Hormuz, a move that could ...