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Experts including Sal Mercogliano, a maritime historian at Campbell University in North Carolina and a former merchant ...
Crude futures were lower and ING said the market’s biggest fear is the Strait of Hormuz shutting down, with significant disruption to oil flows sufficient to push prices to $120 a barrel.
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Iran’s steps could include blocking the Strait of Hormuz, quitting a nuclear treaty and launching attacks on Israeli tourists.
Conflict between Israel and Iran has rekindled fears of a disruption to a narrow waterway key to the global economy.
Located between Oman and Iran, the Strait of Hormuz is the world's most important access route for oil transportation.
Former Foreign Secretary Shashank noted that while India would eventually have to seek alternative routes and sources for ...
European natural-gas prices continued to climb and Qatar asked LNG vessels to wait outside the Strait of Hormuz until they were ready to load due to rising tensions in the region, according to a ...