Standoff between Iran and US continues as both impose blockades of critical shipping waterway

Oil and gas prices have jumped again as shipping through the strait of Hormuz came to a virtual standstill. Lucy Hough speaks to the Guardian’s energy correspondent Jillian Ambrose

The attacks, which Iranian media said were carried out by Iran's paramilitary Revolutionary Guard, came after Trump said the U.S. would indefinitely extend the ceasefire.

The attacks, which Iranian media said were carried out by Iran's paramilitary Revolutionary Guard, came after Trump said the U.S. would indefinitely extend the ceasefire.

Iran’s goal is to maintain chokehold on global economy even as some say it could run out of oil storage by Sunday

The mood in the Strait of Hormuz remains combustible despite Trump's ceasefire extension.

Standoff between Iran and US continues as both impose blockades of critical shipping waterway

White House says Tehran in ‘very weak position’; Iran says two seized ships transferred to its coast; US navy secretary leaves office ‘effective immediately’, says Pentagon

Brent oil has risen above $100 per barrel again as tanker traffic through the strait remains at a near standsill.