Iran’s threat to close the Strait of Hormuz after US airstrikes on its nuclear sites could trigger a global oil shock, ...

The Iranian parliament backed a move to close a major oil and gas route, after American airstrikes in the country.

Amidst US-Iran tensions and potential Strait of Hormuz closure, India, importing 2 million bpd through it, feels secure.

Although Sunday’s vote represented another defiant gesture against global commerce by the Tehran government, it was little more than a threat.

The Iranian Parliament has unanimously voted for the closure of the Strait of Hormuz but the final decision lies with Iran's ...

India imports around 85 per cent of its crude oil requirement, and a surge in oil prices leads to an increase in its oil import bill and pushes up the rate of inflation, which hurts economic growth.

The Iranian Parliament has approved a measure to close the Strait of Hormuz, a critical global oil chokepoint, after the ...

Iran has voted to close the Strait of Hormuz, a major shipping route which around 20% of the world’s daily oil flows through.

Al Thani also said Qatar has carried out risk exercises to assess the impact of damage at the plant and has since built large ...