GLOBAL ENERGY CRISIS: The global economy faces "major threat" and the current energy crisis is worse than the oil shocks of the 1970s, the International Energy Agency warned. The U.S. moved to ease sanctions on Iranian oil to cool surging prices, but that could be a boon for Tehran.

Strait of Hormuz closure dominates a Trump-Starmer call, as Trump's 48-hour ultimatum to Iran warns of further U.S. strikes on Iranian energy infrastructure.

At war with Iran, President Donald Trump is cycling through an increasingly desperate list of options as he searches for a solution to the crisis in the Strait of Hormuz.

Israelis said securing the strait for energy shipments could become the war’s main goal now that regime change and ending Iran’s ability to obtain a nuclear weapon seem out of reach.

Corporate executives are not panicking over a short-term increase in oil prices and Strait of Hormuz closure, but patience may wear thin in a matter of weeks.

Strait of Hormuz traffic is near collapse as Iran reportedly charges tankers $2 million in transit fees, prompting President Trump to threaten strikes on Iranian power infrastructure.

US officials are furiously trying to avert a potential monthslong closure of the Strait of Hormuz, privately acknowledging that reopening the key waterway is a problem without a clear solution and dependent at least in part on what lengths President Donald Trump is willing to go to force the Iranian regime’s hand,

U.S.-Iran threats over Hormuz rattle markets as oil risk lingers and missiles hit Israel, raising fears of a prolonged conflict.