Greek and British maritime officials advised merchant ships to avoid the Strait of Hormuz after Israel's strike on Iran’s nuclear facilities, though the critical oil corridor remains open for now.

Tanker operators in the Strait of Hormuz are facing higher shipping and insurance costs, despite a drop in oil prices, as investors wait to see what happens to the world’s most important crude ...

The Strait of Hormuz is identified as one of the world's most critical oil chokepoints, with a staggering volume of oil passing through it annually.

Half a dozen ships have diverted course on the way to the Strait of Hormuz, the crucial waterway connecting the energy-rich Persian Gulf to global markets since Sunday, according to shipping ...