Under the severe outcome, oil prices could surge to $120-130 per barrel if the Strait of Hormuz is closed or there is a general Middle East conflagration, which could ignite retaliatory responses from ...

Nearly 30% of global oil and a third of the world’s LNG passes through the strait daily and its closure would immediately ...

Agence France Press reported that 'massive' explosions were heard in Bushehr province, home to nuclear reactor.

Events in the Middle East tend to favor the bond market and the U.S. dollar, resulting in lower mortgage rates, but this year ...

The secretary of state claimed that while the U.S. would be affected, the impact would be greater on the rest of the world, most notably China.

For days, the oil market has been in a volatile state as traders watched to see whether the U.S. would join Israel in attacking Iran. Now that the ...

The US strikes on Iran's nuclear sites were not a preamble to regime change, US Defense Secretary Pete Hegseth said on Sunday, adding that Washington sent private messages to Tehran encouraging ...

US President Donald Trump’s decision to strike Iran’s nuclear facilities puts the Middle East in a volatile position, with ...

It could mean a wave of attacks on U.S. forces in the Middle East, an attempt to close a key bottleneck for global oil ...

Any potential closure still needs the approval of the country’s supreme national security council before going into effect, ...

Bitcoin dropped as Iran's approval to close the Hormuz Strait raises fears of oil disruption, global inflation, and economic ...

Iran’s parliament has approved a measure to close the Strait of Hormuz- a vital global oil shipping route- in response to ...