Iran has long warned that if it is attacked directly, it would retaliate by closing or disrupting the Strait of Hormuz, ...

Oil prices initially surged by $8 per barrel, following Israel's strikes on Iran, but quickly settled around $5 per barrel.

The Brent Oil price has risen to a 5-month high of $79 per barrel due to a further escalation of the military conflict between Israel and Iran, which has been ongoing for a week, Commerzbank's ...

Iran has no legal authority to order a halt to traffic through Hormuz. To do so, it needs to do so by force. Read more at straitstimes.com. Read more at straitstimes.com.

Despite a Friday dip, oil prices were poised for their third weekly rise in a row following the White House's decision to delay weighing in on the Israel-Iran conflict.

Hormuz is a critical waterway, without alternative, for tanker trades and any impediment or threat to free movement of ...

The Strait of Hormuz is the world’s most important oil choke point, with around 20% of the world’s oil flowing through it ...

Commentators have warned the Iran-Israel conflict could set off World War 3, but markets have reacted with a shrug. Why?

"By making this adjustment, we observe that prices tend to stay high for a few months, generally 6 months (excluding the first Gulf War in 1990) or around 4 months (including the first Gulf War), ...

A decade ago, the rest of the Middle East had nearly as much economic reason to fear Iran as it did militarily.

As deep tensions in the Middle East set in, local fuel price recoveries are suffering from the resultant surge in global oil ...

Amid mounting pressure, Iran has repeated its long-standing threat: to close the Strait of Hormuz. This narrow waterway, just ...