The world oil market will recover gradually from the closure of the Strait of Hormuz before tipping into a significant surplus in 2027, the International

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.…

Interim accord to ease supply crunch that has gripped energy markets since February