The flow of oil through the Strait of Hormuz is running at the fastest pace since the Iran war began — despite Tehran stating that the world’s key shipping chokepoint is shut and a report that the Islamic Republic continues to harass passing vessels.

The U.S. Commodity Futures Trading Commission is considering whether to block CME Group’s proposal to launch a round-the-clock crude oil futures contract, according to a Bloomberg report citing a senior agency official familiar with the matter.

(Bloomberg) -- Global investments in oil projects are due to fall for the third year in a row, as the supply shock from the Middle East conflict shifts priorities to new trade routes and other energy sources. Despite higher oil prices, spending on oil ...