Shark Tank' star Kevin O'Leary says removing Iranian control of the Strait of Hormuz would be a global game changer, calling the shift 'very bullish' for world markets.

Iran has confirmed that vessels from five "friendly nations" including India will be permitted to pass through the Strait of Hormuz, even as

There may be no country better situated geographically than Iran when it comes to bringing an oil-dependent world to its knees.

Iran's Ministry of Foreign Affairs claimed in a letter to the U.N.'s International Maritime Organization (IMO) that the Strait of Hormuz, the critical maritime passage for the oil and shipping trades,

By Nandita Bose and Bo Erickson WASHINGTON, March 25 (Reuters) - White House press secretary Karoline Leavitt on Wednesday said the United States is tracking "very closely" how to get oil tankers through the Strait of Hormuz.

Pakistan Prime Minister Shehbaz Sharif said in a social media post that the country was ready to "facilitate meaningful and conclusive talks" to help resolve the conflict

As Iran threatens to mine the entire Persian Gulf, President Trump said his deadline for the Strait of Hormuz to reopen is postponed amid negotiations with Tehran.

Donald Trump has warned that NATO faces a “very bad future” if it does not help open the waterway.

Iran signalled a partial easing of maritime restrictions in the strategically vital Strait of Hormuz, announcing that vessels from select “friendly nations” would be allowed to transit despite ongoing regional tensions.