Tensions in the Middle East are on the brink of escalation as Iran's parliament votes to block the crucial Strait of Hormuz, a move that could have far-reaching consequences for global energy markets ...

Key Points President Donald Trump authorized strikes on Iran, which went ahead this weekend. The market was expected to tank ...

US president warns against playing into 'enemy's hands' as prices surge following attacks Trump ordered on Iranian nuclear ...

Oil futures reversed initial gains as traders assessed possible retaliatory moves from Iran following US strikes against the ...

By Monday morning, the price of a benchmark barrel of U.S. oil was up 0.4% at $74.16 after briefly dipping to a loss. Brent ...

About 20 million barrels of crude oil pass through the strait daily, according to the U.S. Energy Information Administration. Located between Iran and Oman, the waterway is one of the world’s most ...