In 2024, an average of 20 million barrels of oil per day, or about 20% of global petroleum liquids consumption, flowed through the Strait of Hormuz, a crucial oil chokepoint located between Oman and ...

Amid the ongoing tensions between Israel and Iran, ExxonMobil's CEO says there's enough spare capacity to offset any Iranian ...

Iran’s allies, the self-described “Axis of Resistance,” have been severely hurt by ongoing Israeli attacks since the Oct. 7, ...

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U.S. stocks are slumping under the weight of a jump for the price of oil. The S&P 500 fell 0.8% Tuesday following signals ...

As Israel and Iran exchange attacks, investors worry about a broader conflict across the Middle East that could cause gas prices to soar even more in the U.S. and Colorado.

As the conflict escalates, container shipping faces growing risks from a potential chokepoint closure, rising insurance costs ...

The Odessa American is the leading source of local news, information, entertainment and sports for the Permian Basin.

The risk of Iran closing the Strait of Hormuz is real and could disrupt 20% of global oil supply. Click here for more ...

Renewed conflict in the Middle East sent crude prices up like an Iron Dome, and then down like a retaliatory strike. US ...