Commercial ships are advised to avoid Iranian waters near the Strait of Hormuz amid escalating Israel-Iran conflict. This ...

The Strait of Hormuz, a narrow waterway at the mouth of the Persian Gulf, handles around 26% of the world’s oil trade and is ...

Oil prices could surge from a current level of about $73 per barrel up to $120 per barrel if the Israel-Iran conflict damages Iranian oil infrastructure or impedes the passage of some oil tankers in ...