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

More than 110 countries have already signed up to co-sponsor the draft resolution

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.

Iran says the Strait of Hormuz is fully open to commercial vessels. But President Donald Trump says the American blockade on Iranian ships and ports will stay in force until Tehran reaches a deal with the U.

The U.S. military says it fired on Iranian forces and sank six small boats as it moved to reopen the Strait of Hormuz

Iran-US war latest: Chinese tanker sails through Strait of Hormuz as Trump flies to Beijing for crucial summit - Trump will meet Xi Jinping to discuss ending the Iran war and reopening the Strait of H

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,