The Brent Oil price has risen to a 5-month high of $79 per barrel due to a further escalation of the military conflict between Israel and Iran, which has been ongoing for a week, Commerzbank's ...

Iran has no legal authority to order a halt to traffic through Hormuz. To do so, it needs to do so by force. Read more at straitstimes.com. Read more at straitstimes.com.

Commentators have warned that an escalation in the Iran-Israel conflict could set off a chain of events that sparked World ...

Fewer commercial vessels appear to be entering the Strait of Hormuz, a vital chokepoint for energy exports from the Persian ...

Goldman Sachs said markets are estimating a 65% likelihood of the U.S. intervening in the Middle East, though added there's a ...

Hormuz is a critical waterway, without alternative, for tanker trades and any impediment or threat to free movement of ...

"By making this adjustment, we observe that prices tend to stay high for a few months, generally 6 months (excluding the first Gulf War in 1990) or around 4 months (including the first Gulf War), ...

Any closure of the Strait of Hormuz by Iran as a result of its ongoing conflict with Israel would cut 20% from global LNG ...

President Trump, who weeks ago rebuked America’s misadventures in the Middle East, appears to be on the cusp of his own ...

A decade ago, the rest of the Middle East had nearly as much economic reason to fear Iran as it did militarily.

A collision between two oil tankers just east of the world's most critical oil choke point, the Strait of Hormuz, could bring ...

Iran is predominantly Shia Muslim, making up about 90 percent of the population, while Sunni Muslims and other Muslim sects ...