In the midst of escalating tensions between Iran and Israel, US Secretary of State Marco Rubio calls on China to prevent Iran ...

Some oil tankers are rerouting, pausing, or avoiding the Strait of Hormuz amid escalating Middle East tensions and fresh U.S. strikes on Iran, raising fears of a global oil supply shock.

Iran’s parliament has approved a resolution to potentially close the Strait of Hormuz in response to US airstrikes on its ...

Following US strikes on Iranian nuclear sites, Iran's parliament approved a proposal to close the Strait of Hormuz, a vital oil transit route. The closure could trigger soaring oil prices and ...

The Strait of Hormuz carries 20% of global oil daily, but Iran's threats to close it amid 2025 tensions could push prices to £80 ($100) per barrel. Learn why this waterway is critical and what's at ...

Brent crude prices could potentially surge past $110 per barrel, triggering renewed turbulence in global oil markets.

The Strait of Hormuz represents a pivotal artery in the global oil supply chain, facilitating the passage of roughly 20% of the worlds daily oil consumption. Its significance as a strategic chokepoint ...

The Strait of Hormuz — just 21 miles wide at its narrowest point — is one of the most strategically vital waterways on the ...

New York WTI crude oil surged nearly 5 percent at one point when it opened on Monday, and benchmark Brent crude jumped almost ...

Dubai: As tensions escalate between Israel and Iran—now with direct US involvement—economists warn that ripple effects could ...

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