Iran's Revolutionary Guard Corps has declared the Strait of Hormuz — a waterway through which around 20% of the world's crude oil supply flowed until the war — closed to any ships not explicitly ...

The world, hungry for oil, got a modest reprieve earlier this month when Saudi Arabia began diverting millions of barrels of crude —ordinarily destined for ships transiting the blockaded Strait of ...

After a month of threats, Yemen’s Iran-backed Houthi rebels finally entered the Middle East conflict on Saturday, firing two missiles towards Israel. And in recent days they have also warned they ...

Whatever the outcome of the war with Iran, it has already delivered a lesson the world cannot afford to ignore. A single regime has decided to exert control over a 21-mile passage, and as a result, we ...

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Panama reaffirmed the "neutrality" of its canal on Tuesday along with the "need to preserve" maritime transit routes amid the blockade of the Strait of Hormuz during the Middle East war. The conflict ...

The US and Israel’s war on Iran has cast a long shadow over the Gulf. It has placed many of the economies that make up the Gulf Cooperation Council (GCC) regional grouping – Bahrain, Kuwait, Oman, ...

Iran’s Revolutionary Guards said they had seized two ships near the Strait of Hormuz. A Trump spokeswoman said the president did not view those actions as violating the cease-fire. Lynsey Chutel Leo ...

Roger W. Ferguson Jr. is the Steven A Tananbaum Distinguished Fellow for International Economics at the Council on Foreign Relations. Maximilian Hippold is a research associate at CFR. Iran’s closure ...