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The Iranian parliament backed a move to close a major oil and gas route, after American airstrikes in the country.
The Strait of Hormuz matters enormously because it channels roughly one‑fifth to one‑quarter of the world's oil supply, ...
Goldman Sachs flagged risks to global energy supply amid concerns over a potential disruption in the Strait of Hormuz that ...
The closure of the Strait of Hormuz would have potentially devastating flow-on effects for oil supplies and prices in ...
Petroleum minister's statement comes at a crucial time when oil markets are expected to open sharply higher after US' ...
Oil is likely to rise by $3-$5 per barrel when trading resumes on Sunday evening after the U.S. attacked Iran at the weekend, ...
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