From the perspective of the global oil economy, there are few places as strategically important as the Strait of Hormuz.

Oil prices are tumbling after President Donald Trump announced a Israel-Iran ceasefire agreement. Oil prices were already ...

No significant decline in ship traffic except for 6 vessels making U-turns to avoid waterway amid Israel–Iran conflict - ...

CNN’s Erin Burnett reports from the United Arab Emirates as a ceasefire is set to begin after days of hostilities between ...

Oil prices have shown more volatility, rising from $61 at the beginning of the month on the threat of conflict, then jumped ...

The rise comes after Iran's parliament backed closing the critical Strait of Hormuz, where about 20% of the world's oil ...

Israel confirmed Tuesday that it agreed to a ceasefire with Iran, which also signaled it was willing to abide by the truce, after President Donald Trump urged both nations not to violate it. In a ...

U.S. President Donald Trump announced that Israel and Iran had agreed to a “complete and total ceasefire” soon after Iran ...