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The U.S. has temporarily authorized the purchase of Russian oil stranded at sea to stabilize energy markets.

The Strait of Hormuz has been effectively closed to shipping because of the war against Iran by the U.S. and Israel.

A network of millions of Americans who offer services like making deliveries or providing rideshare services are feeling the effects of rising gas prices.

Iran's new Supreme Leader Mojtaba Khamenei has said all U.S. military bases in the Middle East should close immediately as those bases will be attacked.

Saudi Arabia's East-West pipeline and the UAE's Abu Dhabi Crude Oil Pipeline are thought to be able to help partially offset the Strait of Hormuz blockage.

Energy Secretary Wright says U.S. 'not ready' to escort tankers through Strait of Hormuz yet

Some airlines are already raising fares after a historic surge in jet-fuel costs.

India's inflation for February is within central bank's comfort level range but policy action is unlikely due to rising global energy prices ...

Denmark's energy minister called on citizens to reduce their energy use amid the ongoing Middle East conflict.

The latest incidents in or near the Strait of Hormuz come shortly after Iran warned the world to prepare for $200 oil prices.