When Iran targeted ships in the Strait of Hormuz in the 1980s, the U.S. Navy escorted ships through the strait. This June, even without a formal closure, some oil tankers and supertankers — which can ...

Iran's threat to block the world's most vital oil transit point has raised fears of major global economic consequences.

Iran's Islamic Revolutionary Guard Corps has seized a foreign oil tanker in the Gulf of Oman, citing fuel smuggling, ...

An average of about 20 million barrels of crude oil and oil products move through the Strait of Hormuz each day, according to the U.S. Energy Information Administration.

The Iranian parliament backed a move to close a major oil and gas route, after American airstrikes on its nuclear sites.

Iran threatened to close the Strait of Hormuz, a vital shipping lane handling 20% of global petroleum demand, in response to ...

The unidentified vessel’s crew of 17 people, including its master, are in custody and are set to face charges in an ...

While there have been no major disruptions to the global oil supply so far, the attacks on Iran — by Israel and then the US — have rattled investors, sending oil futures soaring by around 10% since ...

Iran could still shut down the Strait of Hormuz, the crucial shipping corridor between the Persian Gulf and the Gulf of Oman, ...

Us President Donald Trump recently said the US could impose 100% tariffs on Russia and “secondary tariffs” on countries ...

Iranian lawmaker Esmail Kosari revealed that the possibility of closing the critical Strait of Hormuz is still under review, ...