As representatives of Iran and the United States reportedly prepared to sign a new peace agreement at the end of the week, the UN on Monday stressed the urgent need to open an aid corridor to transit the choked-off Strait of Hormuz and prevent a global hunger crisis.

European officials reaffirmed the importance of reopening the Strait of Hormuz and the "resumption of maritime traffic," to be done "urgently" and "unconditionally," without any…

The ceasefire and reopening of the Strait of Hormuz eased concerns of escalating conflict, possibly leading to lower oil prices

The US-Iran agreement to reopen the Strait of Hormuz may alleviate immediate energy concerns, but analysts predict weeks-long delays due to a backlog of 500 stranded ships.

Final details of the US-Iran MOU are still pending, but Hormuz transit and Iran sanctions relief could be bumpy in the near term.

As representatives of Iran and the United States reportedly prepared to sign a new peace agreement at the end of the week, the UN on Monday stressed the urgent need to open an aid…

Even if the strait fully opens then, it will likely take months for the global energy crisis sparked by its closure to ease.

The head of the International Energy Agency stressed that fully reopening the Strait of Hormuz is crucial for global economic stability. Record-high oil and gas prices are really…