News

A Strait of Hormuz crisis could hit global oil, but China may be less vulnerable than it looks
China has been diversifying its sources for oil imports well before the current Middle East tensions.
What is the Strait of Hormuz and why does it matter?
The Iranian parliament on Sunday approved closure of the Strait of Hormuz, though the final decision will be made by Iran’s ...
What is the Strait of Hormuz and why is it so significant?
From the perspective of the global oil economy, there are few places as strategically important as the Strait of Hormuz.
Middle East ocean freight rates soar on Iran conflict, Strait of Hormuz shipping risks
Ocean freight rates for vessels operating in the Mideast are soaring as risks rise around the Strait of Hormuz and Iran ...
Strait of Hormuz disruption: More bark than bite for US energy, expert claims
Energy expert Gabriella Hoffman argues Iran's retaliatory actions to U.S. strikes will backfire against its allies and ...
CNN’s Erin Burnett reports from the Strait of Hormuz about Israel-Iran ceasefire
CNN’s Erin Burnett reports from the United Arab Emirates as a ceasefire is set to begin after days of hostilities between ...
Iran approves closure of Strait of Hormuz, a vital oil and gas route
The Iranian parliament backed a move to close a major oil and gas route, after American airstrikes in the country.
Tankers U-turn, zig-zag, pause around Strait of Hormuz
SINGAPORE/LONDON (Reuters) -At least two supertankers made U-turns near the Strait of Hormuz following U.S. military strikes ...