Oil prices are up sharply 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 Strait of

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

It was the first time Iran has announced the closure of the key international waterway, through which 20% of the world's oil passes, since the U.S. began threatening Iran and rushing military assets to the region.

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

A fifth of global oil flows through the Strait of Hormuz. Here’s why its closure is shaking energy and shipping markets.

The Strait of Hormuz is the narrow mouth of the Persian Gulf through which about a fifth of the world's oil passes.

Attacks by the U.S. and Israel on Iran, and Iranian missile and drone attacks on neighboring countries, have disrupted oil and gas supplies to the rest of the world — and dealt an energy price

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 refiners switch over to summer blends of fuel,

Amid the war in the Middle East, Iran has been targeting key energy infrastructure across the region. Tehran is also threatening energy exporters, warning that tankers entering the Strait of Hormuz — a narrow,