Economic fallout from the weekend strike by U.S. forces on Iranian nuclear facilities has been muted so far, but the opening ...

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

The all-caps post came hours after weekend bombings in Iran rattled oil markets and reignited fears of rising fuel costs.

President Trump warned American oil producers Monday that he was watching closely for a crude price spike as the Middle East ...

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 ...

The price of crude oil plunged Monday afternoon, following Iran's retaliatory attacks targeting a U.S. military base in Qatar ...

Tanker operators in the Strait of Hormuz are facing higher shipping and insurance costs, despite a drop in oil prices, as investors wait to see what happens to the world's most important crude ...

The U.S. attack on Iranian nuclear facilities Saturday night has raised the risk that oil prices surge into the triple digits ...

By Monday morning, the price of a benchmark barrel of U.S. oil was up 0.4% at $74.16 after briefly dipping to a loss. Brent ...

Gas prices are expected to see modest increases despite Middle East tensions, as the oil market stabilizes following U.S.

About 20 million barrels of crude oil pass through the strait daily, according to the U.S. Energy Information Administration. Located between Iran and Oman, the waterway is one of the world’s most ...