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.

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

If Iran moves to blockade the Strait of Hormuz, oil and gas prices could spike, but analysts see that scenario as unlikely for now.

A commodities expert expects the price of oil to fall as energy producers ramp up supply while countries around the world ...

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

U.S. energy independence helps shield American economy from Iran's threats to block the Strait of Hormuz, where one-fifth of ...

Impeding the strait would likely bring a massive spike in oil prices that would flow through to U.S. consumers.

The war between Israel and Iran has raised concerns that Iran could retaliate by trying to close the Strait of Hormuz, the world's most important oil chokepoint due to the large volumes of crude that ...

Mideast Wars Strait of Hormuz FILE - The aircraft carrier USS Dwight D. Eisenhower and other warships crosses the Strait of Hormuz into the Persian Gulf on Sunday, Nov. 26, 2023.

The Strait of Hormuz links the Gulf to the northwest with the Gulf of Oman to the southeast and the Arabian Sea beyond.

That means that about 15% of global crude oil supply and 20% of liquefied natural gas, or LNG, passes through the Strait of Hormuz, according to Morgan Stanley analysis released on Tuesday.