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Strait of Hormuz blockade hurts Iran’s economy, threatens to spike energy prices

The U.S. blockade on the Strait of Hormuz has effectively shut down trade to and from Iran’s ports, cutting off an estimated 90 percent of the Middle Eastern country’s economy as the Trump administration looks to get...

White House calls oil CEOs as energy prices squeeze voters

Energy Secretary Chris Wright and Interior Secretary Doug Burgum will urge the heads of top U.S. oil and gas companies in a call Thursday to increase drilling in a bid to lower oil prices, four...

Saudi Arabia pressures Trump to scale back war on Iran

Saudi Arabia is pressing the United States to scale back its war in the Middle East, fearing Iran could retaliate by blockading the Red Sea and paralysing the kingdom’s economy.

U.S. Navy stopped 13 ships from passing Iranian port blockade, Pentagon says

The U.S. Navy has turned back 13 ships since its blockade of Iranian ports in the Persian Gulf and the Gulf of Oman began more than 24 hours earlier, the Pentagon said Thursday.

US military turns around 6 ships, ‘completely’ halts trade from Iran’s ports amid blockade

The U.S. military on Tuesday said it has turned six ships around in its effort to “completely” halt trade from Iran’s ports — the first effort since President Trump imposed a blockade on the Strait of Hormuz.

Trump renews criticism of UK, saying it should ‘drill, baby, drill’ for North Sea oil

U.S. President Donald Trump has renewed his criticism of Britain’s energy policy, deriding the ruling center-left Labour government’s decision to ban licenses for new oil and gas fields in the North Sea.

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