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The Iranian parliament backed a move to close a major oil and gas route, after American airstrikes in the country.
With the US inserting itself in the Israel-Iran conflict, more uncertainty grips the world. The Islamic Republic has ...
Goldman Sachs flagged risks to global energy supply amid concerns over a potential disruption in the Strait of Hormuz that ...
If Iran closes the Strait of Hormuz, gas prices in the U.S. could surge due to disrupted global oil shipments.
Iran has threatened to block the Strait of Hormuz. A disruption of this scale to the world's crucial oil supply could have a ...
In the meantime, an obscure token called the digital oil memecoin (OIL) has skyrocketed over 400% against USD, according to ...
Iran last disrupted traffic in the Persian Gulf in April last year when it seized an Israel-linked container ship near the Strait of Hormuz, accusing the MSC Aries of violating maritime regulations.
Petroleum minister's statement comes at a crucial time when oil markets are expected to open sharply higher after US' ...
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