From the perspective of the global oil economy, there are few places as strategically important as the Strait of Hormuz.

The United States bombed Iran’s three main nuclear sites in a major escalation of this month’s conflict in the Middle East. Tehran said it will reserve all options to defend itself. This US move has s

The Iranian Parliament on Sunday approved a measure to close the Strait of Hormuz after the United States bombed three nuclear sites in Iran. The strait, located between Iran and Oman, remains a