Strait of Hormuz

Speaking to members of the Indian community in The Hague during the second leg of his five-nation Europe tour, Modi pointed to multiple international crises, including wars and the ongoing energy emergency, as serious threats to the global economy.

In a timely boost to India's energy self-reliance at a moment when the West Asia crisis and the prolonged blockade of the Strait of...

"Countries that comply with the US by imposing sanctions on Iran will certainly face difficulties crossing the strait," an official voiced.

Iran strikes the UAE with missiles and drones, hitting an oil facility in Fujairah and breaking the April ceasefire.

By allowing third-country goods to legally pass through its territory into Iran, Pakistan has effectively reduced the pressure the US was trying to build.

“We are facing the biggest energy security threat in history. As of today, we’ve lost 13 million barrels per day of oil ... and there are major disruptions in vital commodities,” Birol told CNBC.