Fatih Birol of the International Energy Agency, who orchestrated a multinational release of oil reserves, detailed the risks facing the economy now and beyond.

Iran has offered to end its control over the Strait of Hormuz if the U.S. lifts its blockade and ends the war. That's according to regional officials.

Brent crude futures, the international standard, settled mostly flat at $105.72 a barrel.

Earlier, Secretary of State Marco Rubio said in an interview that China should take a more active role in resolving a standoff over the strait. By Anton Troianovski Reporting from Beijing President Trump wants China to do more to persuade Iran to reopen ...

The U.S. military says it has opened a passage through the Strait of Hormuz and reached out to dozens of shipping companies to encourage navigation through the waterway.

The U.S. is racing to reopen the Strait of Hormuz as Iran reportedly lays mines in the critical waterway, testing the Navy's shift to unmanned systems.

Qatar and Türkiye support Pakistan’s mediation efforts aimed at ending the Iran war and reopening the Strait of Hormuz, the Qatari foreign minister said on Tuesday.

Energy Secretary Chris Wright appeared on “Meet the Press” Sunday morning, addressing the volatile global energy market and the possibility of using military force to reopen the Strait of Hormuz. During a pointed exchange with moderator Kristen Welker,