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Iran's military stressed that the crucial waterway would only be reopened when the U.S. accepts Iran's conditions.

As oil reserves and munitions stockpiles reportedly dwindle, analysts wonder how much longer markets will pounce when the Trump admin. dangles an Iran deal.

Gas prices in the U.S. averaged $4.06 per gallon on Thursday -- a major source of voter discontent heading into November's midterm elections.

Solar stocks rose in premarket trading President Donald Trump announced fresh import restrictions on polysilicon products.

The conflict is broadening across the region, with Gulf energy infrastructure and key shipping chokepoints under renewed threat.

News of Iran's restrictive draft plan for the Strait of Hormuz sent oil prices higher, renewing concerns over supply disruptions.

Virginia's State Corporation Commission is tasked with reviewing the deal and will either accept, reject or impose conditions on it.

The refining market is very tight due to the Ukraine and Iran wars, keeping gas prices elevated even as crude prices fall.

Crude oil prices rose Thursday after Iranian state news published a draft plan with restrictive conditions for ship traffic in the Strait of Hormuz.

However, he denied that Tehran was in talks with Washington, despite claims by Trump to the contrary.