It sounds utterly reckless, almost suicidal for global stability: blocking the Strait of Hormuz would deal a devastating blow ...

The government has no say in where the country's refiners source oil from because these are commercial transactions, the ...

The Strait of Hormuz is identified as one of the world's most critical oil chokepoints, with a staggering volume of oil passing through it annually.

According to an analysis by Emperador, any disruption in energy exports through this strategic checkpoint may result in a 25% to 40% rise in crude oil prices. Consequently, the global bitumen market ...

The U.S. Energy Information Administration (EIA) has slashed its Brent crude oil price forecast. In its August Short-Term Energy Outlook, it expects global oil prices to fall from $71 per barrel in ...

On the H1 chart, MACD is flat with a mild bearish crossover, Stochastic hovers near oversold, and DMI reflects trend ...

Global oil markets are poised for a larger surplus than previously expected this year, with supply set to grow more than ...

"If the U.S. is bent on imposing tariffs, China will fight to the end, and this is China's consistent official stance," said ...

The Strait of Hormuz handles around 20 million barrels of crude oil per day — nearly one-fifth of global daily consumption. A closure would cripple oil exports from key Gulf producers including ...

As Iranian threats to close the Strait of Hormuz grew louder over the weekend, UAE quietly loaded its first cargo on Sunday from its long-awaited new oil export terminal on the Gulf of Oman ...

Oil futures surged on Sunday night after US strikes on Iran’s three main nuclear sites intensified fears of a potential supply shock, amid growing concerns that Tehran could retaliate by closing ...

In a blow to organized fuel smuggling networks, Iranian Border Guard Commander Brigadier General Ahmadali Goudarzi announced ...