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U.S. is letting Iranian oil tankers through the Strait of Hormuz, Bessent says
Treasury Secretary Scott Bessent says the U.S. is allowing Iranian oil tankers through the Strait of Hormuz to keep global oil markets well supplied. [...]
The Strait of Hormuz Has Been Closed for 100 Days. Why Aren’t Oil Prices Higher?
President Donald Trump says a secret mission moved 100 million barrels of oil through the blocked Strait of Hormuz. That number is impossible to verify. [...]
Australia’s $22 billion answer to the question the Hormuz crisis asked
When Iran closed the Strait of Hormuz on 27 March, following weeks of US and Israeli air strikes, Brent crude hit $126 a barrel and the World Bank warned that energy prices would surge by 24 per cent, [...]
Memorial Day gas prices surged to four-year highs as the Strait of Hormuz stays closed
AAA put the national average at $4.56 a gallon on Thursday, up $1.38 from a year ago, with the prolonged closure of the Strait of Hormuz driving prices higher [...]
Vance says the U.S. expects the Strait of Hormuz to reopen toll-free for good
The vice president said details will be worked out in technical negotiations, but shippers warn the current terms lack clarity on timing and safe routes [...]