The number of container vessels slowing down at the Strait of Hormuz is more than three times the normal level, said Ami ...

India is a net importer of crude oil, with over 40 percent of its supplies sourced from Middle East nations such as Iraq, ...

“Closing the Strait of Hormuz or attacking energy infrastructure in the region will spike energy prices, turn all their ...

Iran is reportedly considering closing the Strait of Hormuz, a critical global oil chokepoint, as tensions with Israel ...

Traders had been positioning for Israel’s attack on Iran, but there is still anxiety that prices could continue to surge well ...

Oil prices soared early Monday amid intensifying military conflict between Iran and Israel, with Brent crude jumping 5.5 per ...

The Strait of Hormuz, a 21-mile-wide waterway, is crucial for global oil supply, with 20 million barrels flowing through daily. Israel-Iran tensions have caused concerns about oil prices to surge.

If the conflict continues for long, the movement of merchant ships through routes such as Strait of Hormuz between Iran and UAE, and Red Sea would be affected.

The armed confrontations between the two nations have already driven up global oil prices by over 7%, putting Bangladesh's fuel imports at risk ...

U.S. oil prices already jumped last week, which could cause prices at the pump to rise about 20 cents a gallon in the coming ...

As Israel and Iran exchanged more attacks, stock markets mostly rose even as worries remained about possible oil supply ...