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 ...

"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 ...

The Chinese economy benefits from the more than 1 million barrels of Iranian oil it imports per day. After the Iranian parliament floated a plan to shut down the Strait of Hormuz in June following U.S ...

Global crude oil tracked by Brent futures has fallen sharply, losing over 7% in August and extending its year-to-date decline ...

Woodside Energy Group Ltd (ASX: WDS) shares will be high on investor radars when the company reports next week. Should you ...