Roughly 20 per cent of the world's oil and natural gas normally flows through the Strait of Hormuz. ABC reporter Cason Ho has been following developments. Afghan calls for justice as Roberts-Smith ...

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Notes: Data shows future contract prices for Brent crude oil. Gaps indicate nontrading hours. Data is delayed at least 15 minutes. Source: FactSet. The New York Times By The New York Times Oil prices ...

It has been said that Persian Gulf countries are both blessed and cursed by their vast oil and gas reserves. Geologic forces over millions of years have meant the region is an energy-rich global flash ...

Brent crude has surged more than 55% since the Iran war began, hitting nearly $120 a barrel at its peak, amid fears of disrupted oil flows through the Strait of Hormuz. March marked one of the largest ...

When the Strait of Hormuz first closed in March and oil hit US$120 a barrel, a very old question came back: is this finally the moment electric vehicles take off for good – or just another false start ...

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Despite confusions about the terms of the deal, investors on Wednesday welcomed the move toward de-escalation between Iran and the United States. Data delayed at least 15 minutes Source: FactSet By ...

Crude oil prices plunged sharply on Friday as Iran's Foreign Minister Abbas Araghchi declared the Strait of Hormuz "completely open" for all commercial vessels for the remaining duration of the ...

Reopening the Strait of Hormuz is proving to be difficult. But even if the vital waterway fully opens and oil and other necessary cargo sail out, it won’t be enough to return things to normal. That’s ...

Oil prices topped $100 a barrel again on Sunday after President Donald Trump said the US would blockade “any and all Ships trying to enter, or leave, the Strait of Hormuz,” threatening to further ...

Aimee Picchi is the associate managing editor for CBS MoneyWatch, where she covers business and personal finance. She previously worked at Bloomberg News and has written for national news outlets ...