Rising Gulf tensions and new Iran–US strikes keep oil prices elevated as the Strait of Hormuz remains open but under severe security pressure.

Oil tanker traffic through the Strait of Hormuz was at a near standstill on Thursday, according to shipping data. The slowdown came after renewed US airstrikes on Iran and…

Iran closes the Strait of Hormuz amid US tensions. Traffic normalization by August 31 at 19.5% YES.

By Barbara Kollmeyer and Mike Murphy