Iran’s Parliament Speaker and chief negotiator Mohammad Bagher Qalibaf said Wednesday that the situation in the Strait of Hormuz would not return to its pre-war state, warning that no country in th…

Oil prices climb above $90 a barrel after Iranian military targets two tankers in Strait of Hormuz

The Houthis’ blockade of the Bab-el-Mandeb strait couldn’t have come at a worse time for the oil market.