The Strait of Hormuz is no longer paralyzed and yet fuel prices remain painfully high. It’s a vexing problem with profound financial, political and economic consequences.

The Iran war live blog tracks the latest developments from the Middle East as fighting, diplomatic efforts and pressure on Iran continue to reshape t

The US military said Thursday that American forces have supported the shipment of more than 1.25 billion barrels of crude oil from Gulf partners through the Strait of Hormuz in recent months, while preventing Iranian oil shipments under a US blockade.

Did Iranian officials say they would release audio of President Donald Trump begging them to open the Strait of Hormuz so gas prices will go down before the midterms? No, that's not true: This story

Amena Bakr, Head of Middle East & OPEC+ Insights at Kpler, discusses Strait of Hormuz disruptions, escalating Iran tensions, rising oil prices and the limited impact of emergency oil reserves.

Tehran claims it has also hit a Vietnamese VLGC gas carrier as it widens its strikes to the entire Middle East Gulf

A tanker captain normally earns about $15,000 a month. Ordinary sailors can earn as little as $1,500 a month. Sailors working in the southern Red Sea and Gulf of Oman can get double their normal pay. Those crossing Hormuz can receive four to six times their usual wages.

President Donald Trump said US control of the Strait of Hormuz would help lower diesel prices worldwide following discussions with Russian President Vladimir Putin, while reiterating his position on Iran's nuclear program. We use cookies to personalise your experience and analyse site usage. You can accept or reject all cookies.