Iran strikes energy infrastructure across the Gulf as IRGC announces closure of Strait of Hormuz.

The prospect of a blockade of the Strait of Hormuz, which one-fifth of the world's total oil supply, notably from Saudi Arabia and the United Arab Emirates, passes through, or…

The closure of the Strait of Hormuz and US-Israeli strikes in Iran are reigniting the specter of a surge in crude oil prices. But the global economy is less vulnerable today than…

Brent crude rose by 13% during early trading and stock markets came under pressure as US-Israeli strikes on Iran raised fears of disruption

Oil prices soared at the opening of the markets on Monday as traffic through the Strait of Hormuz, a vital artery for the movement of crude oil, faces serious disruption.

Iran strikes energy infrastructure across the Gulf as IRGC announces closure of Strait of Hormuz.

Iran strikes energy infrastructure across the Gulf as IRGC announces closure of Strait of Hormuz.

Gulf countries have accused Iran of targeting civilian infrastructure such as hotels as tensions escalate in the region.

US and Israel bombard Iran as Israeli forces hammer Lebanon and the widening conflict causes energy prices to spike.