Governments are working on plans to unblock the Strait of Hormuz, a vital oil choke point. The Iran war has effectively closed the waterway and pushed up gasoline prices.

The price of oil may soon hit $200 per barrel, as the U.S. war with Iran is now morphing into an economic conflict. FOX's Caroline Elliott learns how Iran is striking back in another way at the gas ...

The U.S. says it took out more than a dozen mine-laying Iranian vessels, and the Islamic Republic vowed to block the region’s oil exports, saying it would not allow “even a single liter” to be shipped ...

SK Innovation’s oil exploration unit, SK Earthon, is considering divesting its shares in three Vietnamese oil blocks with an estimated value of Won200bn ($140m), reported the Korea Economic Daily (KED ...