Fears grow in Lebanon of Israeli ground invasion as IDF preparing for "several more weeks of fighting against Iran and Hezbollah".

Goldman Sachs has raised its oil price forecasts as the Strait of Hormuz crisis threatens a historic supply disruption.

Popular Florida family theme park closes down for new development The Strait of Hormuz crisis has driven oil prices to four-year highs, disrupting global energy supplies. Rising fuel and fertilizer costs are pushing gas and grocery prices significantly higher for consumers.

The Strait of Hormuz is easy to miss on a world map, a narrow ribbon of water squeezed between Iran and Oman, but it carries an outsized share of the world’s oil and gas. Every day, tankers thread through designated “highways” on the water here,

Bank of America and Standard Chartered on Monday raised their 2026 oil price forecasts, citing a prolonged supply shock from the shutdown ​of the Strait of Hormuz and the likelihood of a long‑tail disruption to global ‌energy markets.

Moscow rushed to load crude onto tankers to take advantage of soaring oil prices triggered by Iran’s effective closure of the Strait of Hormuz, and a US tariff waiver that permits buyers to purchase those barrels without fear of sanctions.

By Maayan Lubell, Alexander Cornwell and Idrees Ali TEL AVIV/JERUSALEM/WASHINGTON, March 22 (Reuters) - U.S. President Donald Trump and Iran threatened to escalate their ⁠war by ⁠attacking energy facilities in the Gulf,