US resumes blockade on the Islamic Republic’s shipping through the Strait of Hormuz

Trump says the U.S. “will be reimbursed” for helping ships through the Strait of Hormuz. The international oil benchmark, Brent, surpassed $80 per barrel.

Iran says it will not allow Washington to intervene in the Strait of Hormuz

Oil prices jumped more than 8% on Monday after U.S. President Donald Trump announced the United States would reinstate its blockade on Iran, forcing traders to once again price in…

Oil prices surge above $80 after Trump announces a 20% charge on cargo in the Strait of Hormuz and reinstates an Iran blockade, raising global supply fears

Brent crude surged 9.6 per cent to close at US$83.30 per barrel on July 13. Read more at straitstimes.com. Read more at straitstimes.com.

Oil prices climbed to their highest level in four weeks on Tuesday after the United States reinstated a naval blockade on Iran and intensified military strikes, while Tehran…

Brent crude nears $85 a barrel amid renewed hostiles between Washington and Tehran.

Oil prices have continued to rise in the wake of the renewed conflict between Iran and the United States.

Prices have now climbed to their highest levels since US and Iran signed memorandum of understanding aimed at ending conflict

US President Donald Trump says he wants to charge vessels 20% tax to cross strait

Brent crude futures climbs to $85.20 per barrel while US West Texas Intermediate crude rises to $80.05 a barrel.

Oil prices increased as President Donald Trump reimposed naval blockades on Iranian ports. Iran retaliated with strikes on United States infrastructure in the region. Brent and…

Discover why oil prices are surging following intensified Iran strikes and disruptions to a key global energy chokepoint. Read more at straitstimes.com. Read more at…

US Central Command says forces struck missile and drone facilities, naval assets and coastal defence systems in Iran overnight

US resumes blockade on the Islamic Republic’s shipping through the Strait of Hormuz

Oil climbed for a fourth day as the US continued attacks on Iran in a bid to secure shipping through the Strait of Hormuz. | World News