The Iranian parliament backed a move to close a major oil and gas route, after American airstrikes in the country.

From the perspective of the global oil economy, there are few places as strategically important as the Strait of Hormuz.

Iranian officials have threatened to mine the waterway, which is a key shipping route for oil and gas. One way that Iran could potentially retaliate for the American strikes on three of its nuclear ...

As global tensions rise and water tentions deepens, the Strait of Hormuz stands at the crossroads of a potential world war, ...

Iran’s parliament has approved a measure to close the Strait of Hormuz, a vital global trade route, where more than a fifth ...

Iran's parliament was reported to have backed a move to close the strait late on Sunday, threatening around a fifth of all ...

Japan's Nippon Yusen and Mitsui O.S.K. Lines said on Monday they have instructed their vessels to minimise the time spent in ...

How much higher oil prices might go now depends on how Tehran responds to the attacks. Iran’s parliament's voted to close the Strait Of Hormuz, the narrow waterway at the mouth ...