Iran is reportedly preparing to mine the Strait of Hormuz, a move that would spike global oil prices and give a significant boost to the Russian economy and its war machine in Ukraine. Reuters ...

Iran’s parliament voted last Sunday to close the Strait of Hormuz, a critical choke point for oil and natural gas located between Oman and Iran, connecting the Persian Gulf with the Gulf of Oman and ...

The war between Israel and Iran has raised concerns that Iran could retaliate by trying to close the Strait of Hormuz, the world’s most important oil chokepoint due to the large volumes of crude that ...

Iran could retaliate after the U.S. attacked with a disruption at the Strait of Hormuz. A disruption at the major transit site could affect oil trade, significantly increasing the price we pay for gas ...

As Iran and Israel enter a ceasefire on June 24, the future of the conflict and U.S. involvement remains on unsteady ground, following Iran's retaliatory strike on an overseas U.S. military base one ...

While there have been no major disruptions to the global oil supply so far, the attacks on Iran — by Israel and then the United States — have rattled investors, sending oil futures soaring by around ...

FILE - The aircraft carrier USS Dwight D. Eisenhower and other warships crosses the Strait of Hormuz into the Persian Gulf on Sunday, Nov. 26, 2023. (Information Technician Second Class Ruskin Naval/U ...