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 hitting countries hard. There's talk of a potential deal between the U.S. and Iran, which could ease these tensions and bring prices down.

Experts warn oil and fuel prices may remain high as restoring production, shipping and confidence after Strait of Hormuz disruption could take months.

An LNG tanker is nearing the Strait of Hormuz as the US and Iran reportedly reach a deal to reopen the vital waterway. European natural gas and oil prices fell as traders…

A deal between the U.S. and Iran will reopen the vital Strait of Hormuz, easing global energy supply concerns. However, unresolved disputes mean future flare-ups are possible.…

LNG tanker nears Hormuz as US-Iran deal raises hopes for reopening the crucial waterway, impacting global gas prices.