U.S. use of force to reopen the strait would likely be supported by Europe and “even unofficially by China,” he said. “Iran’s navy would probably get destroyed in a matter of hours or days.” Tags: U.S ...

Tanker operators in the Strait of Hormuz are facing higher shipping and insurance costs, despite a drop in oil prices, as investors wait to see what happens to the world’s most important crude ...

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 war between Israel and Iran has raised concerns that Iran could try to close the Strait of Hormuz, the world’s most important oil chokepoint. The strait is between Oman and Iran. About 20 ...

Tanker operators in the Strait of Hormuz are facing higher shipping and insurance costs, despite a drop in oil prices, as investors wait to see what happens to the world's most important crude ...

If Iran blocked the strait, oil prices could shoot as high as $120-$130 per barrel, at least temporarily, said Homayoun Falakshahi, head of crude oil analyst at Kpler, in an online webinar Sunday.