If Iran closes the Strait of Hormuz, gas prices in the U.S. could surge due to disrupted global oil shipments.

The Iranian parliament backed a move to close a major oil and gas route, after American airstrikes in the country.

As U.S. strikes on Iranian nuclear facilities drive fears of retaliation, it remains to be seen whether Iran will try to ...

The Iranian Parliament on Sunday approved a measure to close the Strait of Hormuz after the United States bombed three ...

The Strait of Hormuz isn’t the only concern when it comes to flows of crude and other energy products out of the Middle East.

Tehran can cause the price of oil to spike, but it will hurt itself more.

The Iranian Parliament has approved a measure to close the Strait of Hormuz, a critical global oil chokepoint, after the ...

As the U.S. began striking Iran’s nuclear facilities, tanker owners and the oil market are on edge to see if Iran follows ...

U.S. Secretary of State Marco Rubio on Sunday called on China to encourage Iran to not shut down the Strait of Hormuz after ...

Iran’s foreign minister warned earlier Sunday that the Islamic Republic “reserves all options to defend its sovereignty” ...

The CEO of Italian energy company Eni said on Wednesday oil markets are signalling that an escalation between Israel and Iran ...