Oil prices in Strait of Hormuz

U.S.-Iran standoff

Why Trump’s Iran blockade may not break Tehran’s oil industry this week

Analysts say Iran has enough storage to avoid the immediate field damage Trump warned about, even as the blockade squeezes revenue and drives up oil prices

Energy markets

Brent crude jumps to $119 as Iran blockade fears deepen

The benchmark rose nearly 7% Wednesday after reports the U.S. is preparing to extend pressure on Iranian ports while traffic through the Strait of Hormuz remains heavily disrupted

Iran war

Hormuz remains in limbo as Trump weighs Iran offer

Brent crude topped $112 a barrel and U.S. gasoline prices hit a wartime high as Washington considers a proposal tied to the strait but not nuclear talks

Middle East energy shock

Oil rises as U.S.-Iran talks stall over Hormuz and nuclear demands

Brent crude climbed above $109 before easing, with no clear breakthrough on reopening the Strait of Hormuz or resolving Washington’s dispute with Tehran over its nuclear program