Strait of Hormuz disruption threatens to shake global economy

The strategic shipping lane carries a fifth of the world's oil. Analysts warn prolonged disruption could send fuel prices soaring and trigger a global economic slowdown.

Middle East tension rises: US hits Iranian missile sites close to Strait of Hormuz with bunker buster bombs

India, March 18 -- The United States on Tuesday confirmed that it carried out strikes on Iranian missile sites near the strategically vital Strait of Hormuz, using some of the most powerful bombs in its arsenal.

Oil prices climb as Strait of Hormuz shipping activity remains limited

Global oil prices were poised to end above $100 a barrel for a fourth session in a row on Tuesday, as some nations refused a U.S. call for help to secure the Strait of Hormuz.

Oil prices jump 4% after renewed Iranian attacks on UAE

Oil prices rose by about 4% ​on Tuesday, clawing back some of the previous session's losses as Iranian attacks on the United Arab ‌Emirates rekindled supply fears while the Strait of Hormuz remains largely shut.

Stocks climb to their best day since the Iran war began after oil prices ease

It’s a reprieve, for now at least, after oil prices spiked from roughly $70 before the United States and Israel began their attacks on Iran. In response, Iran has nearly halted traffic through the narrow Strait of Hormuz,