The mere threat of blocking the strait is enough to raise oil prices. So far, prices have gone up by 10 percent, reflecting a surge in the geopolitical risk premium tied to the strait’s strategic ...

Iran's top security body must make the final decision on whether to close the Strait of Hormuz, Iranian TV said on Sunday, ...

Iran's top security body must make the final decision on whether to close the Strait of Hormuz, Iranian TV said on Sunday, after parliament reportedly backed the measure in response to U.S.