The Strait of Hormuz closure is forcing Gulf nations to slash oil production as storage tanks fill. Saudi Arabia, UAE, Kuwait, and Iraq have significantly reduced output, with Iraq facing an imminent shutdown.

Though U.S. forces have moved to withdraw from Iraq, after reentering the country at Baghdad's request to fight the Islamic State.

The U.S. said this week that it attacked 16 Iranian mine-laying vessels near the Strait of Hormuz. In the 1980s, Iranian mines damaged oil tankers and a U.S. Navy warship.

Thirty years have passed since Iraqi tyrant Saddam Hussein invaded neighbouring Kuwait, but despite hints of a diplomatic rapprochement, people in both countries say the wounds have yet to heal. On August 2, 1990, Saddam sent his military, already ...

If Iraq does not identify alternative export routes in the near future, the national economy may experience significant contraction.

Few Iranians will mourn the demise of the cruel and murderous Ayatollah Khamenei or his cohorts, and a large segment of Iranians want the corrupt religious regime gone. But all signs point to

The U.S. plans to offer tanker and cargo insurance in a scramble to get exports moving—and ease prices.

Two tankers were ablaze in an Iraqi port on Thursday ⁠after a ⁠hit by suspected Iranian explosive-laden boats, a step up in attacks ⁠that have cut off oil from the Middle East and defied Donald Trump's claim to have won the war he launched two weeks ago.