The Strait of Hormuz is considered the world's most important gateway for oil transport. Hostilities between Iran and Israel ...

Crude futures were lower and ING said the market’s biggest fear is the Strait of Hormuz shutting down, with significant disruption to oil flows sufficient to push prices to $120 a barrel.

According to Viktor Medvedchuk, Washington is pulling back from pumping Kiev with weapons, as the US sees this as a threat to its own economy ...