Explore the potential consequences on UAE and global energy markets should Iran decide to close the strategically important ...

Around 84 percent of oil passing through the Strait of Hormuz is destined for Asia, leaving the economies of China, India, ...

Iranian Foreign Minister Abbas Araghchi is expected to meet with Russian President Vladimir Putin to coordinate Iran’s ...

Ahram Online provides live coverage of the unfolding military confrontation between Israel and Iran as the two sides have ...

Geopolitical shock propels oil markets higher: where to next for the oil price amid heightened tensions in the Middle East?

A closure of the Strait of Hormuz could have implications for energy exports across the region. The UAE has proactive ...

India imports crude from Iraq, Saudi Arabia, Kuwait and the UAE, which is routed through the Strait of Hormuz, and it ...

New York WTI crude oil surged nearly 5 percent at one point when it opened on Monday, and benchmark Brent crude jumped almost ...

Iran's threat to block the world's most vital oil transit point has raised fears of major global economic consequences.

Spot charter rates for LNG carriers have strengthened to levels not seen for nine months on the back of concerns over the ...

Iran would have no legal authority to order a halt to traffic through the key shipping waterway, but has said it will reserve ...