Iran has no legal authority to order a halt to traffic through Hormuz. To do so, it needs to do so by force. Read more at straitstimes.com. Read more at straitstimes.com.

Iran has long warned that if it is attacked directly, it would retaliate by closing or disrupting the Strait of Hormuz, ...

The Brent Oil price has risen to a 5-month high of $79 per barrel due to a further escalation of the military conflict between Israel and Iran, which has been ongoing for a week, Commerzbank's ...

Oil prices initially surged by $8 per barrel, following Israel's strikes on Iran, but quickly settled around $5 per barrel.

Oil prices fell on Friday after the White House delayed a decision on U.S. involvement in the Israel-Iran conflict yet they ...

Japan's top power industry official on Friday expressed concern about the risks of both price hikes and supply shortages of crude oil if recent Middle East tensions drag on, potentially dealing a ...

The deployment of military assets is taking place at U.S. bases in Europe and the Middle East as President Trump decides ...