Oil producers in the Middle East are developing new pipelines to bypass the strategic Strait of Hormuz. This initiative aims to reduce Iran's influence on global energy markets and circumvent its

Russia’s grip on its gateway to the Black Sea is slipping after a series of Ukrainian attacks forced Moscow to suspend traffic through the key waterway this week, limiting the Kremlin’s ability to trade with the rest of the world.

As the U.S. restarts its Iran blockade and carries out more strikes, President Trump has called off a planned 20% fee on shipping through the Strait of Hormuz.

The president now wants Gulf nations to invest in the U.S. in exchange for safe passage. Shipping industry experts worry other nations will follow that lead.

The hostilities come as both sides vie for control of the Strait of Hormuz, the shipping lane that, up until the war, operated as a free-trade route.

The U.S. launched strikes on Iran, hours after President Donald Trump vowed to reinstate an American blockade of Iranian ports and charge ships for safe passage through the Strait of Hormuz.

The renewed disruption of oil shipments through the Strait of Hormuz is threatening to erase the progress made toward lowering energy prices during the ceasefire, renewing fears of another shock that could threaten inflation and the global

Closure of the Strait of Hormuz after the MoU collapse has reignited the US-Iran conflict, increasing geopolitical risk and oil prices. Read full analysis here.