Iran threatened to close the Strait of Hormuz, a vital shipping lane handling 20% of global petroleum demand, in response to ...

When Iran targeted ships in the Strait of Hormuz in the 1980s, the U.S. Navy escorted ships through the strait. This June, even without a formal closure, some oil tankers and supertankers — which can ...

IntroductionThe increase in geopolitical tensions in the Middle East recently resulted in Iran threatening to close the ...

GasBuddy's Patrick De Haan spoke with Fox News Digital on gas prices and markets opened slightly higher, oil down.

While there have been no major disruptions to the global oil supply so far, the attacks on Iran — by Israel and then the US — have rattled investors, sending oil futures soaring by around 10% since ...

Iranian lawmakers approved a decision to close the vital oil shipping route after the U.S. strikes on its nuclear facilities ...

Last year, an average of about 20 million barrels per day passed through the Strait of Hormuz, which amounts to roughly 20% of liquid petroleum consumed worldwide, according to the U.S. Energy ...

In the U.S., the agency reported that oil imports through the Strait of Hormuz only accounted for 7% of the country’s total oil imports and 2% of its liquid petroleum consumption over the same ...

In 2024 and the first quarter of 2025, more than a quarter of global maritime oil trade flowed through the Strait of Hormuz, equaling about one-fifth of oil and petroleum consumption worldwide ...

The EIA estimates that 84% of the crude oil and 83% of the liquefied natural gas that moved through the Strait of Hormuz last year went to Asian markets.China, the largest buyer of Iranian oil ...

What is the Strait of Hormuz, ... India’s Minister for Petroleum and Natural Gas Hardeep Singh Puri sought to reassure jittery investors on X that the country has “diversified” its oil ...

What is the Strait of Hormuz, ... India’s Minister for Petroleum and Natural Gas Hardeep Singh Puri sought to reassure jittery investors on X that the country has “diversified” its oil ...