(The Center Square) – As the Middle East conflict continues and energy stability remains uncertain in the Persian Gulf, ...

Oil also powers less of the US economy these days. In 1975, petroleum accounted for 47% of the energy consumed in the United ...

When Iran targeted ships in the Strait of Hormuz in the 1980s, the U.S. Navy escorted ships through the strait. This June, even without a formal closure, some oil tankers and supertankers — which can ...

By Monday morning, the price of a benchmark barrel of U.S. oil was up 0.4% at $74.16 after briefly dipping to a loss. Brent ...

A prominent adviser to Ayatollah Ali Khamenei, Iran’s supreme leader, has already called for the closure of the Strait. A ...

Iran’s leaders can be difficult to read, but closing the Strait will not benefit them, and will likely hurt them in the long run.

Iran has spent decades building multi-tiered military capabilities at home and across the region that were at least partly ...

If Iran blocked the strait, Asia would be directly impacted because 84 percent of the oil moving through the strait is headed ...

Following US strikes on Iranian nuclear sites, Iran's parliament approved a proposal to close the Strait of Hormuz, a vital oil transit route. The closure could trigger soaring oil prices and ...

The scale of any energy price rises, and the wider impact, will depend on the magnitude of what comes next in the conflict ...

In 2024, average daily exports stood at 20.3 million barrels of crude oil and 290 million cubic meters of liquefied natural ...

Washington's strikes on Iran stoked fears that Iran could retaliate by closing the Strait of Hormuz, a waterway between Iran ...