Oil prices jumped to $96 a barrel after the U.S. seized an Iranian cargo ship, prompting Iran to vow retaliation and casting doubt on peace talks.
War in Iran triggers widespread economic crisis in Asia due to energy bottlenecks.
Middle powers in Turkey discuss strategies for diplomatic engagement with an unpredictable United States.
Iran warns that Strait of Hormuz security is not free, linking it to oil export restrictions amid rising US tensions.
US Navy seizes Iranian cargo ship near Strait of Hormuz; Tehran vows swift response, raising ceasefire concerns.
Global stock markets are rallying despite ongoing Iran tensions and an elusive peace deal, driven by complex economic factors and risk management.
Iran has declared the Strait of Hormuz closed again, citing U.S. blockades of its ports, as ships report attacks in the region.
Iran fired on ships in the Strait of Hormuz, reversing a reopening and escalating global energy concerns.
Iran's conflicting declarations on the Strait of Hormuz have injected new peril into global shipping lanes.
Strait of Hormuz reopened, but U.S. blockade of Iranian ports continues, with Iran threatening closure if blockade persists.