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Oil markets rose Tuesday after President Donald Trump permitted China to buy Iranian oil, with crude prices dropping amid reduced concerns about the Strait of Hormuz.
Oil prices are tumbling on news of an Israel-Iran cease-fire agreement. Oil prices were already falling after Iran launched strikes on a US airbase in Qatar. Markets saw Iran's strikes as a de ...
As U.S. strikes on Iranian nuclear facilities drive fears of retaliation, it remains to be seen whether Iran will try to block oil trade via the Strait of Hormuz.
The Strait of Hormuz is between Oman and Iran, which boasts a fleet of fast-attack boats and thousands of naval mines as well as missiles that it could use to make the strait impassable, at least ...
Global crude prices jumped on Sunday but have since retreated. Here's what experts say about the outlook for oil and gas.
Iran could retaliate against the U.S. strikes on its nuclear facilities by shutting down the Strait of Hormuz, a move that would likely cause oil and gas prices to surge.
JPMorgan says there's about a one in five chance that disruptions to oil production in the Persian Gulf send prices spiraling higher.
Some oil tankers are rerouting, pausing, or avoiding the Strait of Hormuz amid escalating Middle East tensions and fresh U.S. strikes on Iran, raising fears of a global oil supply shock.
Oil prices eased off a 5-month high as expectations Iran won't close the Strait of Hormuz for now. But this may still change, they warned.