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The Strait of Hormuz is one of the world's busiest shipping lanes, so any disruption would hit the energy markets hard.
Iranian officials have threatened to mine the waterway, which is a key shipping route for oil and gas. One way that Iran ...
The Iranian parliament backed a move to close a major oil and gas route, after American airstrikes in the country.
The Strait of Hormuz matters enormously because it channels roughly one‑fifth to one‑quarter of the world's oil supply, ...
Around 84 percent of oil passing through the Strait of Hormuz is destined for Asia, leaving the economies of China, India, ...
Petroleum minister's statement comes at a crucial time when oil markets are expected to open sharply higher after US' ...
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