The government said Tuesday it will push for securing oil supplies from outside the Middle East in response to the de facto closure of the Strait of Hormuz amid ongoing U.S. and Israeli strikes on Iran.

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…

The government said Tuesday it will push for securing oil supplies from outside the Middle East in response to the de facto closure of the Strait of Hormuz amid ongoing U.S. and…

The Strait of Hormuz is the narrowest point in the Persian Gulf and a vital link for oil shipments. See where it is and what could happen next.