Strait of Hormuz News Updates

Brent crude is on pace for a record monthly gain in March, as the war between the U.S., Israel and Iran has rocked the oil-rich Middle East.

Treasury Secretary Scott Bessent said a U.S. insurance program meant to boost shipping through the Strait of Hormuz will begin soon.

Four of the six largest swings ever seen in international oil benchmark Brent futures have come since the war started at the end of February.

Doubt is taking over again on Wall Street from hope about a possible end to the war with Iran, and stocks are back to sinking as oil prices rise.

Consumers are responding to one of the largest disruptions in global oil markets by embracing low-carbon technologies that promise to lower gas and power bills.

Hope for a possible end to the war with Iran is pushing stocks higher again on Wall Street  while oil prices ease.

Dozens of refineries, oil fields, gas plants, ports and other energy infrastructure have been damaged by missile and drone strikes.

Iran said foreign ships are allowed to cross the Strait of Hormuz as long as they aren’t supporting acts of aggression against the country and follow certain rules.

More than 40 energy assets across nine countries in the Middle East have been “severely or very severely” damaged by the war, IEA says.

U.S. markets ticked slightly lower and oil prices rose early March 24 as the war in the Middle East continued.