Iran hits oil tankers in Gulf
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US eases Russian oil sanctions
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As missiles and drones curtail energy production across the Persian Gulf, analysts warn that water, not oil, may be the resource most at risk in the energy-rich but arid region. On Sunday, Bahrain accused Iran of damaging one of its desalination plants.
Attacks on shipping traffic and energy infrastructure in the Persian Gulf temporarily pushed oil back above $100 a barrel, stoking investor fears.
Whoever controls the Strait of Hormuz, off the coast of Iran, controls nothing less than the sole maritime gateway for most of the Persian Gulf's oil riches to the world.
Traffic through the Strait of Hormuz has ground to a virtual halt, unleashing the most severe energy crisis since the 1970s.
The insurance giant will work with the U.S. International Development Finance Corporation to help backstop shipping.
Operation Epic Fury will continue until the President Trump, as Commander-in-Chief, determines that this operation’s goals, including for Iran to no longer pose a military th
As the Iran war widens, experts say the Middle East's real strategic weak point may be water — not oil.
Iran attacked commercial ships on Wednesday across the Persian Gulf and targeted Dubai International Airport, escalating a campaign of squeezing the oil-rich region as global energy concerns mounted and American and Israeli airstrikes pounded the Islamic Republic.