Oman

A US move to block the strait has intensified a broader struggle over who controls access and under what terms.

A peace deal in the Middle East is key to restoring global energy flows, and the sooner it could be achieved, the less negative economic impact it would have on the global economy, according to HSBC group chairman Brendan Nelson. “The longer the disruption continues, the more the indirect effects fr

Four vessels with links to Iran have crossed the Strait of Hormuz despite the US naval blockade.

BP expects to have booked an "exceptional" oil trading result for the first quarter of 2026, amid the extreme volatility in prices since the war in the Middle East began. The UK-based supermajor said on Tuesday in a trading statement that its exceptional oil trading result would compare with weak tr

The Strait of Hormuz is now essentially fully closed, SEB Chief Commodities Analyst Bjarne Schieldrop said.

Donald Trump says that the US is blockading the Strait of Hormuz. What does this mean in practice?

The European Commission is consulting member states on a draft proposal to relax state aid limits, aimed at protecting market competition, in response to spikes in energy prices brought about by the Middle East war.

China and Russia have been vocal critics of the US-Israel war on Iran, an ally of both world powers.

Global agriculture is highly exposed to the blockage of waterways, risking higher commodity prices and food inflation.

China’s natural gas imports dropped sharply in March amid the tanker traffic paralysis in the Middle East. Oil imports also fell on an annual basis, but were up in February. Natural gas imports were down by 11% last month, Bloomberg reported, citing official customs data. At 8.183 million tons, the