News

What is the Strait of Hormuz and why does it matter?
The Iranian parliament on Sunday approved closure of the Strait of Hormuz, though the final decision will be made by Iran’s ...
What is the Strait of Hormuz and why is it so significant?
From the perspective of the global oil economy, there are few places as strategically important as the Strait of Hormuz.
Why all eyes are on the Strait of Hormuz, a 90-mile strip critical to global oil prices
The Strait of Hormuz is one of the world's busiest shipping lanes, so any disruption would hit the energy markets hard.
Strait of Hormuz disruption: More bark than bite for US energy, expert claims
Energy expert Gabriella Hoffman argues Iran's retaliatory actions to U.S. strikes will backfire against its allies and ...
Iran approves closure of Strait of Hormuz, a vital oil and gas route
The Iranian parliament backed a move to close a major oil and gas route, after American airstrikes in the country.
Conflict in Strait of Hormuz may raise India's oil import bill by $14 billion, warns ICRA
As tensions escalate in the Strait of Hormuz following the Iran-Israel conflict, credit rating agency ICRA has warned that ...
Oil settles down 7% after Iran attacks US military base in Qatar, not tankers
Oil prices settled down more than 7% on Monday, losing more than $5 a barrel after Iran took no action to disrupt oil and gas ...
Oil, Gas Prices Rise as U.S. Strikes on Iran Fuel Supply Fears
The market’s biggest concern is that Iran could disrupt flows through the Strait of Hormuz—a vital artery for about a quarter ...