Middle East oil producers seek Strait of Hormuz alternatives as the U.S.-Iran war escalates

As Iran's attacks keep ship traffic through the Strait of Hormuz to a trickle and oil prices surge, Gulf states are planning to invest billions in pipeline alternatives.

Oil prices slump as Qatar and Bessent note talks to reopen Strait of Hormuz

Oil prices turned sharply lower on Tuesday after a Qatari official talked about a potential short-term deal between the U.S.

‘We don’t trust Iran’: JD Vance says US working on safe shipping route through Strait of Hormuz

Vance's latest remarks come on a day when Iran’s Islamic Revolutionary Guard Corps (IRGC) said that the reopening of the ...
Business Day

Hopes of Iran deal to reopen Strait of Hormuz and allow oil flow may depend on Trump making rare compromise

Iran says a deal to reopen the Strait of Hormuz is near but to reach such a deal that reopens the economically vital Strait ...

Oil prices little changed on negotiations to manage ship traffic in Strait of Hormuz

Crude prices rose Wednesday after Yemen's Houthis claimed they had struck a Saudi Arabian oil tanker in the Red Sea.

UAE accuses Iran of missile attack on its vessel in Strait of Hormuz; no casualties reported

The UAE Foreign Ministry said Iran fired a missile at a vessel affiliated with Abu Dhabi’s state-owned oil company ADNOC ...