Oil prices rise as as market waits on deal to open Strait of Hormuz

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

Ships stuck in the Strait of Hormuz region may be biosecurity risks when they leave. What can we do?

The economic ramifications of the closure of the Strait of Hormuz are much discussed. But so far, the risk of ecological damage following a long blockade of ships has been overlooked. Our recent research shows the more than 1,

Proposed Hormuz deal would give Iran control of inbound traffic, sources say

U.S. officials have repeatedly insisted they would never agree to Iran controlling access to the world's most important trade route for energy supplies.

Oil prices jump after Iran publishes restrictive draft plan for Strait of Hormuz

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