Market analysts have focused on the Strait of Hormuz as oil prices were expected to escalate if Iran were to close the strait due to its war with Israel and the U.S. strikes on its nuclear facilities.

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

Discover the Strait of Hormuz: its map, critical importance, key facts, and role as a vital chokepoint for global oil transit ...

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 ...

Oman plans to levy a personal income tax as part of a broader push to move the sultanate’s economy away from reliance on ...

Based on past conflicts that have rattled oil prices, oil is likely trading in the upper range of where it should be as the ...

The Emirati national guard says it has evacuated 24 people from an oil tanker after a collision between two ships just east ...