Tanker rates added to gains Monday as tensions ratchet higher in the Middle East, with shipowners demanding higher fees to ...

The calming in the oil market came as several analysts said Iran would likely refrain from closing the waterway. Iran itself ...

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

The Strait of Hormuz is between Oman and Iran, which boasts a fleet of fast-attack boats and thousands of naval mines as well ...

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 crude, the international standard, edged up by 0.2% to $77.17 per barrel.

China Baowu Group maintained its position as the largest steelmaker in 2024, with ArcelorMittal and Nippon Steel also ...

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