South Africa

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

Drivers are being told to allow extra time due to a slow-moving convoy of demonstrators unhappy with soaring energy prices.

Providers will be able to encourage people to use energy when "weather conditions result in excess supply".

Crude prices fall back below $100 a barrel as markets hope an agreement can be reached between the two sides.

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.

The IEA's oil 'demand destruction' report comes after its chief said unnamed countries are hoarding stocks.

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.

Iran's Foreign Ministry spokesman says the move aims to 'suppress the truth about their illegal war on Iran'.