Only one tanker crossed the Strait of Hormuz Thursday, the lowest since May 7, as Middle East tensions push oil above $100 a barrel.

The ongoing security issues have caused a notable drop in vessel traffic in the Strait of Hormuz, with just three commodity vessels transiting on Tuesday compared to more the…

Global oil prices surged again on Wednesday, July 22, amid ongoing U.S. strikes against Islamic Republic military targets and escalating ...