A closure of the Strait of Hormuz would send shockwaves through global energy markets, but the pain would be felt most acutely in Asia.

Consumers are set to pay higher prices, but US producers could benefit, analysts say.

ISTANBUL: Iran's Islamic Revolutionary Guard Corps (IRGC) said on Monday (March 2) that the Strait of Hormuz has been closed to transit and warned that vessels attempting to cross would be attacked, Anadolu Ajansi reported

Ebrahim Jabari, a senior adviser to the IRGC's commander-in-chief, reiterates that the Strait of Hormuz is 'closed'.

Danielle Smith says any disruption in the Strait of Hormuz, a key oil choke point at the mouth of the Persian Gulf, underscores the need for a new Alberta pipeline to the Pacific.

Ben Chu has been looking at whats happened to marine traffic in the Strait of Hormuz, a key trade passage

It was Iran's most explicit warning since telling ships it wasclosing the export route on Saturday, which threatens to choke a fifth of global oil flows and send prices higher.

Experts have warned that a prolonged conflict could push global energy prices even higher.

A prolonged closure of the Strait of Hormuz, a critical transit route for global crude, could lead to a 1970s-style energy shock

Energy analysts are bracing for a possible oil supply shock after U.S. strikes on Iran reignited fears of disruptions in the Strait of Hormuz.

The U.S.-Israeli attack raises the risk of major oil supply disruption. Iran is the fourth-largest OPEC producer and sits on the critical Strait of Hormuz

TEHRAN - Newly released photos from last weeks IRGC Navy drill in the Strait of Hormuz show a new leap in Irans maritime power

The oil market's biggest fear is that a conflict between the U.S. and Iran could lead to a prolonged disruption of oil flows through the Strait of Hormuz

TEHRAN - Russia, China and Iran have deployed naval vessels for joint exercises in the Strait of Hormuz, Russian presidential aide Nikolay Patrushev announced on Tuesday.

Iranian state media reported the partial closure of the Strait of Hormuz on Tuesday for military drills in the waterway.

Iran said it will close the Strait of Hormuz for several hours for live fire military exercises and the United States ramps up its military forces in the region.

TEHRAN The commander of the naval unit of the IRGC announced on Monday that Iran is ready to close the strategic Strait of Hormuz upon an order by Irans top echelons.

TEHRAN The Islamic Revolution Guards Corps (IRGC) Navy has launched the first phase of a large-scale live-fire drill across Irans islands in the Persian Gulf as its diplomats prepare for a second round of nuclear negotiations with Washington, while the prospect of a new war with the U.S. requires preparations for a potential closure of the Hormuz Strait.