Iran’s new supreme leader said the Strait of Hormuz should remain shut and Tehran will look to open other fronts in the war if the US and Israel persist with their attacks.

DUBAI, United Arab Emirates (AP) — Attacks on commercial ships in the Persian Gulf continued on Wednesday, as global energy concerns mounted and the Strait of Hormuz, a key passageway for oil shipping, remained effectively closed. The attacks came as the ...

Oil prices are up swinging wildly as the widening Iran war disrupted tanker traffic through the Strait of Hormuz, highlighting how important the passageway is to the world’s oil supply. The

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

West Texas Intermediate (WTI) rose about 8.8 percent to around $95 per barrel, while Brent gained roughly 8.9 percent to about $100, even after the International Energy Agency (IEA) announced the largest coordinated release of emergency oil reserves in its history.

The ongoing American-Israeli war on Iran, for all its complexity and global effects, boils down to a single question: Who can take the pain the longest? A

Officials said Iran is launching new attacks on ships in the Straight of Hormuz in a bid to drive oil prices even higher.