Oil prices have climbed for a fourth consecutive month, with Brent crude briefly approaching $118 a barrel and US WTI touching $105. The latest leg of the rally …
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Strait of Hormuz
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By the narrowest and most important measure — barrels shipped — the Gulf has weathered eight months of war better than almost anyone predicted. According to ship-tracking firm …
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The world’s most important oil chokepoint has had another dangerous week. Iran’s Revolutionary Guard has asserted that three commercial tankers struck sea mines and caught fire inside the …
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Iran Revolutionary Guard says four tankers have caught fire after striking mines in the Strait of Hormuz, the narrow waterway through which a large share of the world …