While Iran's arch-rival Israel would remain unaffected by such a closure, closure would end up hurting Iran's oil trade as well as those of friendly countries, writes .

The U.S. is urging China to use its influence to prevent Iran from closing the critical Strait of Hormuz, a vital global oil ...

Lloyd, Frontline confirm transits via Strait of Hormuz continue but they actively monitor security risks, while insurance ...

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

Iran’s leaders can be difficult to read, but closing the Strait will not benefit them, and will likely hurt them in the long run.

The geopolitical risk of a potential closure of the Strait of Hormuz disproportionately falls on Asian states. It’s high time ...

China, heavily dependent on Middle East oil, has tried to cast itself as a peacemaker. But in the Israel-Iran war, Washington ...

Americans could see modest increases in the prices they pay at the pump in the wake of increasing conflict with Iran, analysts say. Andrew Lipow, president of consulting firm Lipow Oil Associates, ...

"Even taking into account that earlier, Trump emphasized his unwillingness to include Russia in the mediating group on Iran, Moscow can pacify Tehran and hold it back from excessive strikes on US ...

China has been diversifying its sources for oil imports well before the current Middle East tensions.

With summer road travel in full swing and a holiday weekend around the bend, prices at the pump are bound to creep up as a result of increased demand.

A Middle East expert weighs in on Iran's retaliatory targets after the Trump administration's surprise strikes against three ...