Iran’s military claims it has hit two U.S. vessels and eight oil tankers in the Gulf. It marks a fresh retaliation after the U.S. said it had destroyed five Iranian oil tankers. Oil is... Read more

The U.S. strikes are the second wave of attacks on Iranian oil tankers since Saturday. U.S. Central Command says the strikes are in retaliation for failed Iranian attempts to hit American wa... Read more

WASHINGTON (AP) — The U.S. military said it destroyed five Iranian oil tankers on Tuesday in response to the latest attacks on its warships and Tehran hit back at American targets in Jordan,... Read more

Fresh Middle East tensions have sent oil prices spiking again. Brent oil is inching back toward $100 a barrel, hovering around six-week highs. As oil rises, gas prices in the US hit a Labor... Read more

The Treasury Department sanctioned 27 Iranian airlines and a handful of other entities as part of its ongoing effort to isolate Iran’s economy. The move comes as Tehran and its proxies... Read more

Shipping authorities from 18 countries warned Tuesday that diverging rules and sanctions-evasion networks risk creating a two-tier maritime system. The Consultative Shipping Group said geopo... Read more