Iran, which has denied such intentions, has in the past threatened to close the Strait of Hormuz for traffic in retaliation for Western pressure. Experts have said that any closure of the strait could ...

Crude futures were lower and ING said the market’s biggest fear is the Strait of Hormuz shutting down, with significant disruption to oil flows sufficient to push prices to $120 a barrel.

The UAE's energy ministry said a collision between two oil tankers near the Strait of Hormuz was likely caused by a ...

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A furious Tehran went on the attack on Thursday evening, threatening to unleash financial and military chaos across the ...

Thick black smoke can be seen pouring from the blazing ship, which is believed to be a “dark fleet” oil tanker which had been making its way through the Persian Gulf ...

President Ferdinand "Bongbong" Marcos Jr. on Wednesday said that the government is preparing to roll out fuel subsidies in response to the expected ...

US stock futures fell as investors braced for ongoing Israel-Iran hostilities that could draw in the US, along with the ...

Asian shares are mixed and oil prices have dropped Wednesday as investors calmed from the jitters of conflict in the Middle ...

OIL prices eased in Asian trade on Wednesday, after a gain of 4% from the previous session, as markets weighed the chance of ...

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