Iranian officials say they have lost nearly 3,500 military members since Operation Epic Fury began. Officials in Tehran are ...

Rolling coverage of the latest economic and financial news ...

Oil prices have climbed more than 5% while Asian shares also advanced as a standoff between Iran and the U.S. prevented ...

A consistent theme in global oil markets since the U.S. and Israel attacked Iran is that the effective closure of the Strait ...

Hundreds of oil tankers are stranded at the Strait of Hormuz after Iran shut the chokepoint, with crews reporting gunfire and ...

Reporters from CBS News carefully arranged a risky trip into the Strait of Hormuz. Here's what they saw.

The Islamic Revolutionary Guard Corps Navy warns that ships approaching the vital waterway "will be targeted", after Trump ...

Oil prices are rising in early trading as a standoff between Iran and the U.S. prevented tankers from using the Strait of ...

President Trump said without a deal, US may allow ceasefire to expire next week, while Iranian leaders said they won't reopen ...

The price of oil jumped sharply and stock futures tumbled Sunday evening as traders digested renewed tensions between the U.S ...

President Trump said U.S. negotiators will head to Pakistan on Monday for another round of talks with Iran, raising hopes of ...

Oil prices surged 6% Sunday as Iran blocked the Strait of Hormuz, with U.S. gas averaging $4.05 as the ceasefire nears expiry ...