Oil prices plunged to the lowest level in a week on Monday night as Iran launched a missile strike on a US military base in Qatar. Brent crude fell by as much as 7.6pc to $71.15 a barrel in response ...

Brent crude oil prices could hit $110 a barrel if the Strait of Hormuz is blocked, Goldman Sachs analysts have forecast, while HSBC analysts see prices topping above $80.

JOHNSON CITY, N.Y. (WBNG) -- At its narrowest point, the Strait of Hormuz is only 21 miles wide, ... About 20% of the world’s oil goes through the strait. With gas prices at more than $3 per ...

If Iran moves to blockade the Strait of Hormuz, oil and gas prices could spike, but analysts see that scenario as unlikely for now.

The Strait of Hormuz is identified as one of the world's most critical oil chokepoints, with a staggering volume of oil ...

The U.S. attack on Iranian nuclear facilities Saturday night has raised the risk that oil prices surge into the triple digits ...

Iran's threat to block the world's most vital oil transit point has raised fears of major global economic consequences.

Oil market braces for price surge after U.S. attacks on Iranian nuclear facilities. Analysts predict disruptions to Middle ...

Tanker operators in the Strait of Hormuz are facing higher shipping and insurance costs, despite a drop in oil prices, as investors wait to see what happens to the world’s most important crude ...

Global oil prices are surging. ... Fears are also rising that the Islamic Regime could follow through on their promise to close the Strait of Hormuz – the most strategic oil chokepoint in the world.

In retaliation for U.S. military attacks against Iran, the country could attempt to shut down the Strait of Hormuz, through which one-fifth of the world's oil supply is shipped each day ...