A much more severe price spike could result, however, in the event of an escalation that ensnares nearby oil-shipping routes or draws in neighboring ... over the passage of tankers through the Strait ...

War risk insurance premiums for voyages to Israel have more than tripled since the conflict began. Industry sources said ...

The Strait of Hormuz is one of the busiest shipping routes in the world and provides the only sea passage from the Persian ...

A high-stakes collision near the world’s most vital oil chokepoint reignites fears as Iran renews threats to disrupt global energy flow.

US stock futures stalled on Wednesday, with the prospect of the US joining Israel-Iran hostilities keeping investors on edge ...

When you click on “Accept all”, you consent to ads on this site being customized to a personal profile we or our advertising ...

Shipowner Frontline said the incident near the Strait of Hormuz was due to navigational issues and not related to the current ...

Somaliland offers a stable base near Red Sea chokepoints amid rising tensions with Iran and China’s influence in Djibouti.

Two oil tankers collided and caught fire near the Strait of Hormuz Wednesday night. Electronic interference was reported in the region.

Russian gas accounted for about 19% of EU imports last year, down from roughly 45% before Moscow's invasion of Ukraine and oil imports have declined to 3% from 27% in early 2022. Global Banks Increase ...

As the conflict escalates, container shipping faces growing risks from a potential chokepoint closure, rising insurance costs ...

The Odessa American is the leading source of local news, information, entertainment and sports for the Permian Basin.