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.

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.

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.

The UK and Greece have advised ships to exercise extreme caution around the Strait of Hormuz amid escalating military tensions between Israel and Iran.