Iran has threatened to close the Strait of Hormuz, in what would serve as another act of retaliation after the U.S. launched ...

China’s Foreign Ministry called for greater efforts to maintain stability in the critical shipping lanes of the Persian Gulf, ...

The price of oil rose and U.S. stock futures fell as global markets react to the U.S. strike against nuclear targets in Iran.

The calming in the oil market came as several analysts said Iran would likely refrain from closing the waterway. Iran itself ...

About 20 million barrels of crude oil pass through the strait daily, according to the U.S. Energy Information Administration.

The U.S. attack on Iranian nuclear facilities Saturday night has raised the risk that oil prices surge into the triple digits ...

U.S. stocks rallied, and oil prices tumbled on hopes that Iran will not disrupt the global flow of crude, even with the ...

Prices dropped below $70 a barrel, down more than $5 from the day before when the U.S. military action against Iran's nuclear facilities drove prices up.

Trump urged stepped-up production as the White House sharpened its warnings to Iran against closing the Strait of Hormuz, a ...

American consumers could feel the pinch at the gas pump and in their monthly utility bills. While oil prices initially jumped 4% when trading opened Sunday night, they have since retreated as analysts ...

U.S. stocks rallied, and the price of oil tumbled Monday on hopes that Iran will not disrupt the global flow of crude, somet ...

Crude futures slump as Iran's firing of missiles at a U.S. military base in Qatar is seen as a measured response to U.S. strikes on its nuclear facilities. The U.S. military intercepted the missiles ...