IntroductionThe increase in geopolitical tensions in the Middle East recently resulted in Iran threatening to close the ...

Iran threatened to close the Strait of Hormuz, a vital shipping lane handling 20% of global petroleum demand, in response to ...

When Iran targeted ships in the Strait of Hormuz in the 1980s, the U.S. Navy escorted ships through the strait. This June, even without a formal closure, some oil tankers and supertankers — which can ...

When US intelligence revealed that Iran had loaded sea mines near the Strait of Hormuz on July 1, it sent an unmistakable ...

Last year, an average of about 20 million barrels per day passed through the Strait of Hormuz, which amounts to roughly 20% of liquid petroleum consumed worldwide, according to the U.S. Energy ...

Also Read: India safe from Strait of Hormuz closure due to diversified oil imports ... situation in the Middle East since the past two weeks," India's Minister of Petroleum and Natural Gas Hardeep ...

Hardline Iranian lawmaker Esmail Kosari said any closure of the Strait of Hormuz was still under review but no decision has yet been made, in comments carried by Iran's state media on Monday.

GasBuddy's Patrick De Haan spoke with Fox News Digital on gas prices and markets opened slightly higher, oil down.

The Strait of Hormuz is a narrow, strategically vital waterway that carries a significant portion of the world's oil and liquefied natural gas, making it the most important energy chokepoint globally.

The EIA estimates that 84% of the crude oil and 83% of the liquefied natural gas that moved through the Strait of Hormuz last year went to Asian markets.China, the largest buyer of Iranian oil ...

Last year, an average of about 20 million barrels per day passed through the Strait of Hormuz, which amounts to roughly 20% of liquid petroleum consumed worldwide, according to the U.S. Energy ...