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, after parliament reportedly backed the measure in response to U.S.

Iran tensions and potential Strait of Hormuz closure, India, importing 2 million bpd through it, feels secure. Diversified ...

SINGAPORE] When the major markets reopen on Monday (Jun 23), investors in Asia and other parts of the world will be bracing ...

Oil prices are expected to rise even higher in the coming week, as a result of the US attack on Iran’s nuclear sites. It is ...

As U.S. airstrikes target Iranian nuclear sites, Tehran’s threat to close the Strait of Hormuz—a vital artery for global ...

The United States' unilateral strikes targeting Iranian nuclear facilities at Fordow, Natanz and Isfahan constitute a reckless escalation and a flagrant violation of international law. This direct ...

American jets have struck Iran’s three main nuclear sites, a move that leaves traders preparing for an oil-price surge when ...

The East African Development Bank (EADB) has signed a $40 million (approximately Sh105.7 billion) loan agreement with the ...

Oil is likely to rise by $3-5 per barrel when trading resumes on Sunday evening after the U.S. attacked Iran at the weekend, ...

US strikes on Iran raise risks for India’s current account, inflation and trade, but experts say the impact may stay ...