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

The price of crude oil stabilized on Monday after Iran’s limited retaliation against U.S. strikes on Iran’s nuclear site and hopes Iran doesn’t disrupt the global flow of oil.

Oil prices in flux around the world ·DC News Now Washington Vinay Simlot Tue, Jun 24, 2025, 10:56 AM2 min read ...

The price of crude oil stabilized on Monday after Iran’s limited retaliation against U.S. strikes on Iran’s nuclear site and ...

The price of crude oil stabilized on Monday after Iran’s limited retaliation against U.S. strikes on Iran’s nuclear site and hopes Iran doesn’t disrupt the global flow of oil.

Iran has threatened to block the Strait of Hormuz. A disruption of this scale to the world's crucial oil supply could have a significant effect on petrol prices by mid-August.

Discover UAE's rich pearl diving legacy, a maritime history that shaped the nation before oil, with tales of prosperity and skilled craftsmanship.

With the US inserting itself in the Israel-Iran conflict, more uncertainty grips the world. The Islamic Republic has threatened to close the Strait of Hormuz, a key oil supply route. With global oil ...