Crude oil prices fall sharply as energy markets remain on tenterhooks over effective closure of the Strait of Hormuz.

The Strait of Hormuz, through which roughly one-fifth of the world's oil and liquefied natural gas typically passes, is virtually shut.

Crude oil prices surge more than 20 percent as sprawling regional conflict threatens global energy supplies.

The oil price reached nearly $120 a barrel on Monday over fears of lengthy disruption to supplies.

Oil prices drop to $87.80 amid IEA's emergency talks and focus on the critical Strait of Hormuz amidst ongoing conflict.

Crude oil prices fall sharply as energy markets remain on tenterhooks over effective closure of the Strait of Hormuz.

Energy markets remain on tenterhooks as the prospect of prolonged war in the Middle East grows.