Oil futures fall as fears of a wider Middle East war fade

Oil prices fell by more than 1% on Monday, as the market focus switched to fundamentals after Israel and Iran played down the risk of an escalation of hostilities following Israel's apparently small ... Read More

Iran says it can close Hormuz Strait, views Israeli presence in UAE as threat

"We can close the Hormuz Strait but are not doing so. However, if the enemy comes to disrupt us, we will review our policy," Tangsiri said. About a fifth of the volume of the world's total oil ... Read More

Video shows raid on ship near Strait of Hormuz that a Mideast official says was carried out by Iran

The video showed the attack earlier reported by the British military's United Kingdom Maritime ... The Gulf of Oman is near the Strait of Hormuz, the narrow mouth of the Persian Gulf through which a ... Read More

Iran Said It Could Close Major Oil Shipping Route—But Will It?

Situated between the Persian Gulf and the Gulf of Oman, the Strait of Hormuz serves as a vital maritime chokepoint through which a significant portion of the world's oil supply passes—as many as ... Read More

Return from Hormuz

A ceremony to welcome the return of the 300-strong 41st contingent of the Cheonghae Unit after a six-month anti-piracy operation in waters off Somalia and the Strait of Hormuz takes place at the ... Read More

Vessel seized in Strait of Hormuz amid Iran tensions, shipping firms say

A vessel has been seized by "regional authorities" between the United Arab Emirates and Iran, maritime security agencies said on Saturday, days after Iran warned it could close the area to sea traffic ... Read More

World news

a Sin City hotel’s closing mirrors the new face of Vegas Tropicana, once host to celebrities, criminals and 007, will be replaced by the city’s new focus of attraction, a sports stadium ... Read More

Iran Says It Can Close Hormuz Strait, Views Israeli Presence in UAE as Threat

Iran Says It Can Close Hormuz Strait, Views Israeli Presence in UAE as Threat DUBAI (Reuters ... About a fifth of the volume of the world's total oil consumption passes through the strait ... Read More

Iran says it can close Hormuz Strait, views Israeli presence in UAE as threat

"We can close the Hormuz Strait but ... a fifth of the volume of the world's total oil consumption passes through the strait on a daily basis. The UAE became the most prominent Arab nation to ... Read More