US President Donald Trump said the United States would hit Iran “very hard tonight” and reiterated his desire to eventually take control of Kharg Island, Iran’s main oil export hub. His remarks came as US and Iranian forces exchanged attacks for a second straight day,

President Trump said more than 200 commercial vessels had safely traveled through the strait. That’s still far fewer than before the start of the war.

One of the biggest mysteries of the global economy is why the oil market has remained so calm during one of the greatest supply shocks in history.

Trump said in a social media post that the U.S. military helped get 100 million barrels of oil through the strait without Iran's knowledge.

The US military on Friday said that it has "downed" several Iranian drones targeting vessels transiting the Strait of Hormuz. "Iran launched multiple one-way attack drones in an attempt to strike

The most powerful shipping executives in the world are gathered in Athens, Greece this week for the annual International Shipping Exhibition. The hot topic: the Strait of Hormuz.

Iran ‘s stranglehold on the Strait of Hormuz may be easing — and its own oil problems now seem to be mounting. The crucial strait at the m

U.S. Navy destroyers are continuing to escort commercial oil tankers through the Strait of Hormuz as Iran renews threats to close the narrow waterway that carries roughly one-fifth of the world’s traded petroleum.