Emboldened by its blockade of the Strait of Hormuz, Iran is turning to one of the hidden arteries in the global economy: subsea cables beneath that carry vast internet and financial traffic between Europe,

The world's oil stockpiles could approach all-time lows by the end of May due to the Strait of Hormuz closure, according to UBS.

Energy Secretary Chris Wright on Friday suggested that the Strait of Hormuz, which Iran has kept closed amid its ceasefire with the U.S., will reopen “sometime this summer at the latest.” CNBC’s Brian Sullivan spoke with Wright at a new liquefied natural gas facility in Cameron,

A Marshall Islands-flagged LPG tanker Symi, carrying around 20,000 tonnes of cooking gas, has arrived at Kandla’s Deendayal Port after safely crossing the Strait of Hormuz on May 13.

US President Donald Trump warned Iran that it would face a “very bad time” if a peace agreement is not reached soon, while Tehran said a deep trust deficit with Washington continues to slow negotiations.

Pakistan’s ports are unusually receiving bulk cargo shipments due to closure of Strait of Hormuz and reluctance of foreign cargo ships to use gulf ports in wake of ongoing Middle East conflict.

Max Baecker points out that when the war against Iran began, there was significant profit-taking and gold selling.

The Strait of Malacca carries more than a quarter of global trade, including most of the oil that flows from the Persian Gulf to key Asian markets.