Iran is a major oil producer and sits on the narrow Strait of Hormuz, through which much of the world's crude passes. Closing ...

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The Strait of Hormuz, through which around a fifth of the global oil supply is transported every day, remains at the centre of attention on Monday.

The world is watching to see whether Tehran responds to the U.S. military strikes as leaders urge Iran to negotiate.

The Straits are the only sea route from the Persian Gulf to the open ocean, and about 20% of the world’s oil transits the ...

The closure of the Strait of Hormuz would have potentially devastating flow-on effects for oil supplies and prices in ...

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The rise comes after Iran's parliament backed closing the critical Strait of Hormuz, where about 20% of the world's oil ...

Iran vowed to defend itself on Sunday, a day after the US joined Israel in the biggest Western military action against the country since its 1979 Islamic Revolution, despite calls for restraint and a ...

US Secretary of State Marco Rubio on Sunday called on China to encourage Iran not to shut down the Strait of Hormuz after ...

Global markets have appeared to take the U.S. strike against nuclear targets in Iran in stride. The price of oil initially ...

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