Prolonged Strait of Hormuz closure would cause oil prices to surge, experts warn

Traffic through the Strait of Hormuz, the Persian Gulf waterway that serves as a key artery for global oil shipments, has been dramatically curtailed since the Iran war began. The…

Strait of Hormuz still seeing significantly lower traffic despite ceasefire

Only about a dozen ships passed through the Strait of Hormuz in the first two days of the ceasefire agreement between the United States and Iran, far below the normal…

Gas prices could top $5 if Strait of Hormuz stays shut, J.P. Morgan says

Gasoline prices in the U.S., which have risen $1.16 a gallon since the start of the Iran war in February, could top $5 a gallon as soon as later this month if the…

Here's what needs to happen before oil starts flowing through Strait of Hormuz again

As the U.S.-Iran war nears the one-month mark, the fragile global oil market has emerged as a key leverage point for Iran — and some shipping and insurance experts don’t…

Not just gas: Grocery prices could be hit by Strait of Hormuz closure

The threat of Iranian attack on ships in the Strait of Hormuz is disrupting global energy supplies and could soon send the price at the pump to a new record…

Explosion in Iranian port city ahead of Iran's naval drill in the Strait of Hormuz

One day before a planned naval drill by Iran in the Strait of Hormuz, an explosion tore through an apartment building Saturday in the Iranian port city of Bandar Abbas,…

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