Does a video show an American oil tanker struck by Iran and burning in the Strait of Hormuz? No, that's not true: The video shows the aftermath of a collision between two oil tankers, neither owned ...

The U.S. says it has taken out multiple Iranian vessels as the Islamic Republic vows to block the region’s oil exports ...

Iran is preparing to lay mines in the Strait of Hormuz, a critical global trading route that oversees the transport of 20% of the world’s oil supply, according to new reports.

The price tag of the war with Iran is mounting, and Congress is preparing to consider a request for additional funding from the White House. Operation Epic Fury is costing the U.S. government nearly ...

In comments on Monday, Trump said the war in Iran is "very complete, pretty much," and stocks rallied. But the president's rhetoric doesn't change the realities of a major physical bottleneck in the ...

White House Press Secretary Karoline Leavitt on Tuesday directly refuted a claim made by a top cabinet official regarding oil tanker escorts.

Congress remains at the whims of administration officials who offer conflicting accounts of the war’s progress and how long it may last.

U.S. Defense Secretary Pete Hegseth said that Tuesday would be the most intense day yet of U.S. strikes inside Iran.

U.S. crude oil prices have topped $100 a barrel since the U.S.-Israeli strikes on Iran. But this isn't the first time prices have gone this high.

Follow live NBC News coverage and latest updates as the Iran war hits oil prices, Iran vows to block the Strait of Hormuz and ...

TOKYO, March 11 (Reuters) - Oil prices dropped on Wednesday after the ‌Wall Street Journal reported the International Energy Agency has proposed the largest release ⁠of oil reserves in its history to ...