TEHRAN – For decades, the Strait of Hormuz has remained one of the most sensitive geopolitical chokepoints in the world. This ...

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

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 ...

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

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 ...

In May 2019, four vessels – including two Saudi oil tankers – were attacked off the UAE coast, outside the Strait of Hormuz. Three vessels, two in 2023 and one in 2024, were seized by Iran ...

Closing the Strait of Hormuz would send oil prices massively higher - at least at first. If Iran blocked the strait, oil prices could shoot as high as $120-$130 per barrel, ...

-- The bulk of the oil exported through the Strait of Hormuz travels to Asia, the United States and Western Europe. About three-quarters of Japan's oil imports and about 50 percent of China's pass ...

Around 40 percent of globally traded oil leaves the Gulf region through the Strait of Hormuz, a choke point at the southern end of the Gulf, flanked by the coastlines of Iran and Oman.

* In May 2019, four vessels - including two Saudi oil tankers - were attacked off the UAE coast near Fujairah, one of the world's largest bunkering hubs, just outside the Strait of Hormuz.

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

Iran's parliament reportedly pushed the nation on Sunday to close the Strait of Hormuz, a key chokepoint for oil and gas, but ...