The two countries held second round of indirect talks in Switzerland's Geneva, which he described as "more constructive" than ...

Iran has declared the Strait of Hormuz closed and threatened to set fire to any ships that try to pass through as the widening war in Iran grinds tanker traffic through the crucial waterway to a halt.

Iran closes key Strait of Hormuz shipping route after ayatollah threatens to sink US warships - The strategic waterway has not been shut since the 1980s. The move comes amid ongoing tensions with the ...

The Strait of Hormuz is one of the most sensitive pressure points in the global economy. Conflict in Iran could put it at risk indefinitely.

Iran's threat to close the Strait of Hormuz has halted shipments, raised oil prices and increased risks of global supply delays.

The live-fire naval drills are a signal from Iran of the potential fallout to the world economy if the US goes through with threats to attack it, as tensions mount between the two countries.

OPEC members Saudi Arabia, Iran, the United Arab Emirates, Kuwait and Iraq export most of their crude via the strait, mainly to Asia ...

Iran conflict halts Strait of Hormuz tanker traffic, risking global oil supply. Here’s why the narrow Gulf passage is vital and how it impacts crude prices.

Fearing the supply disruption, Brent crude climbed to $78.55 per barrel, up 7.8% from $72.87 The Strait of Hormuz is crucial as about 20% of global oil supply,that is around 15 million barrels per day ...

The Middle East conflict has stoked fears of prolonged disruption to global trade via key maritime corridors.

The average price for a gallon of gasoline jumped 11 cents overnight to about $3.11 in the U.S., according to motor club AAA. Gas prices were already rising before the U.S. launched strikes on Iran as ...

Iran issues new Strait of Hormuz warning as tanker traffic grinds to a halt - An expert has warned that a lengthy closure would push crude oil prices ‘well into triple digits’ ...