LONDON - The oil market will move into a significant supply surplus in 2027 after recovering from the closure of the Strait of Hormuz, the Internat...

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

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.…