Europe is most at risk. It could lose 30 bcm of LNG, says OIES, leading to another sharp jump in prices, to $29 per mmbtu, and higher in central and eastern Europe. “Clearly, another price shock ...

I ran threatened to close the Strait of Hormuz, in what would serve as another act of retaliation, after the U.S. launched strikes on three key Iranian nuclear facilities over the ...

The chemical tanker Kohzan Maru was sailing towards the strait before changing course to remain in the Gulf of Oman. The oil tanker Red Ruby and chemical carrier Marie C were also sailing towards the ...

Americans could see modest increases in the prices they pay at the pump in the wake of increasing conflict with Iran, analysts say. Andrew Lipow, president of consulting firm Lipow Oil Associates, ...

"Even taking into account that earlier, Trump emphasized his unwillingness to include Russia in the mediating group on Iran, Moscow can pacify Tehran and hold it back from excessive strikes on US ...

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

The key lies in the closure of the Strait of Hormuz. Analysts doubt Iran's response, a "solitary" country risking strategic ...

China has been diversifying its sources for oil imports well before the current Middle East tensions.

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 ...

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 ...