News

What Is the Strait of Hormuz and What Impact Could It Have on International Trade If Iran Closes It?
Iran has threatened to close the Strait of Hormuz, in what would serve as another act of retaliation after the U.S. launched ...
Trump energy chief dismisses concerns on Strait of Hormuz: 'Iran would harm itself'
Energy Secretary Chris Wright discusses President Trump's directive to 'drill, baby, drill' as Iran threatens to blockade the ...
What Is the Strait of Hormuz, and Why Is It Important?
Iranian officials have threatened to mine the waterway, which is a key shipping route for oil and gas. One way that Iran ...
A Strait of Hormuz crisis could hit global oil, but China may be less vulnerable than it looks
China has been diversifying its sources for oil imports well before the current Middle East tensions.
CNN’s Erin Burnett reports from the Strait of Hormuz about Israel-Iran ceasefire
CNN’s Erin Burnett reports from the United Arab Emirates as a ceasefire is set to begin after days of hostilities between ...
Timelapse Shows Global Ship Traffic in Hormuz Strait Under Iran Threat
The Strait of Hormuz matters enormously because it channels roughly one‑fifth to one‑quarter of the world's oil supply, ...
Middle East ocean freight rates soar on Iran conflict, Strait of Hormuz shipping risks
Ocean freight rates from Shanghai to the Port of Khor Fakkan on the United Arab Emirates' Indian Ocean coastline are up 76% ...