The cost of crude dropped sharply, having jumped to a five-month high on Monday, while the FTSE 100 Index was also making gains.

As US airstrikes hit Iranian nuclear sites, Tehran threatens to block the Strait of Hormuz—choking a fifth of global oil and ...

The Strait of Hormuz is vital for gas and oil exporters in the Gulf region, as this is the only route by sea to export large ...

With summer road travel in full swing and a holiday weekend around the bend, prices at the pump are bound to creep up as a result of increased demand.

A Middle East expert weighs in on Iran's retaliatory targets after the Trump administration's surprise strikes against three ...

The calming in the oil market came as several analysts said Iran would likely refrain from closing the waterway. Iran itself ...

Chief Economist at the consulting firm Rystad Energy Claudio Galimberti noted that following the US strike on Iran’s nuclear facilities, developments in the energy sector could unfold along two potent ...

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

The potential closure of the strait raises a difficult question for Indo-Pacific policymakers: how can states shield ...

A prominent adviser to Ayatollah Ali Khamenei, Iran’s supreme leader, has already called for the closure of the Strait. A ...

Following the U.S.’s attack on three nuclear sites in Iran on Saturday, fears grew that the country would disrupt oil trade and cause prices to soar.

Crude oil's sharp reversal of the Israel-Iran war premium shows the power of a few words from a key player to move the market ...