Strait of Hormuz, key transit passage for global oil trade, has been effectively shut down by Islamic Revolutionary Guard

At least one person is dead and two oil tankers are ablaze in the Persian Gulf after a suspected Iranian attack on the vessels. Explosive-laden Iranian boats reportedly struck the two tankers on Wednesday, Reuters reported, citing the initial findings of ...

The International Energy Agency will hold an extraordinary meeting on Tuesday to discuss a possible release of emergency stockpiles.

Energy Secretary Chris Wright posted and then deleted a tweet Tuesday claiming that the U.S. Navy had successfully escorted an oil tanker through the Strait of Hormuz.

Iraq officials say at least one person was killed in the attack on the tankers; US to release 172m barrels of oil from strategic reserve

A flotilla of at least 25 supertankers is heading to Saudi Arabia’s Red Sea port of Yanbu as the kingdom races to get its oil to market after the Iran war halted shipping through the Strait of Hormuz.

The United States last month sought to take ownership of the supertanker ⁠Skipper and ⁠the roughly 1.8 million barrels of Venezuelan oil it was carrying ​when it was seized in December. It was the first oil tanker seized as part of a U.S. strategy of increased pressure against Nicolas Maduro before the Venezuelan president ​was captured in January.

A drop in oil prices slowed after Defense Secretary Pete Hegseth warned the day would be America's "most intense day of strikes inside Iran."