Most of the crude passing through the Strait of Hormuz was headed for Asia, principally China, said an analyst.

Iran is selecting ships from friendly countries to pass through the Strait of Hormuz, a crucial trade waterway cut off by the Middle East war, data trackers indicated Tuesday. Tehran's forces have closed off the waterway, through which a fifth of the world's oil and liquefied natural gas passes in…

Iran has managed to profit from oil sales and also “preserve its own export artery” by using control over the chokepoint, said Kun Cao, client director at consulting firm Reddal

About 90 ships including oil tankers have crossed the Strait of Hormuz since the outset of the war with Iran and it is still exporting millions of barrels of oil at a time when the waterway has been effectively closed, according to maritime and trade data platforms. Many of the…

About 90 ships including oil tankers have crossed the Strait of Hormuz since the outset of the war with Iran and it is still exporting millions of barrels of oil at a time when the waterway has been e...

President Donald Trump claimed that Iran essentially shutting down the Strait of Hormuz "doesn't really affect" the United States the way it does "other countries." It's true that a small share of U.S. oil imports comes from the Persian Gulf. But the U.S. has been affected by the global increase in the price of oil.