The Trump administration is temporarily lifting sanctions on Iranian oil stranded at sea under a one-month license.

There are several ways the United States could attempt to reopen the waterway, all of which carry substantial risks. There are several ways the United States could attempt to reopen the waterway, all ...

Gas prices surge to record highs as the war drags on and the Strait of Hormuz remains closed. Advertisement. About Our Ads ...

Iraq has declared force majeure on its oilfields. Military operations have disrupted navigation through the Strait of Hormuz. This has halted most of Iraq's crude oil exports. Storage capacity is ...