Past conflicts involving oil-producing nations in West Asia have significantly impacted global crude-oil prices. However, the recent ongoing hostility between Israel and Iran has been less significant ...

Investors are rushing to sell their stashes of American currency over concerns that Trump's economic policies threaten the ...

Future conflicts may be decoupled from oil shocks, giving Western powers more freedom to engage politically in the region without immediate energy security concerns.

The full impact of the war on the price of oil became apparent only after the Organization of Arab Petroleum Exporting Countries (OAPEC), the oil cartel, imposed a crude embargo on the US in ...

Israel strikes doubled tanker premiums and cut 17 % of data traffic, exposing twin chokepoints. See how boards must now hedge.

Iran has in the past threatened to close the strait but has never followed through on the move, which would restrict trade ...

STORY: Iran's top security body is to make a final decision on whether to close the Strait of Hormuz, Iranian TV said on ...

In 1973, the world experienced a major turning point in automotive history. The Organization of Petroleum Exporting Countries (OPEC) decided to tighten the flow of oil to the United States, triggering ...

Iran has threatened to block the Strait of Hormuz on several occasions over the years, including in January 2012 in retaliation for US and European sanctions, but has never fully executed such a move.

And a ‘large disruption’ – featuring a supply fall of 6 million to 8 million bpd (like the drop seen in the 1973 Oil Crisis) – would push the oil price up 56-75 percent.

The real nail in the coffin came in 1973, when OPEC oil suppliers imposed an oil embargo on the United States, essentially tripling the price of oil. U.S. automakers were forced to respond by ...