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

As Middle East tensions intensify, Michael Ricafort, chief economist at Manila-based Rizal Commercial Banking Corp, told ...

Israel has yet to comment officially on the truce announced by the US president, which comes after Tehran fired missiles at a ...

Oil futures declined and U.S. stock indexes rose despite fears Iran will close the Strait of Hormuz, a key waterway for ...

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

The recent conflict began with Israeli strikes targeting Iranian military and nuclear sites on June 13. Iran retaliated by ...

Following the U.S.’s attack on three nuclear sites in Iran on Saturday, fears grew that the country would disrupt oil trade and cause prices to soar.