Iran has 'complete control' of the Strait of Hormuz, but a second key oil route could be hit next if the Houthis, a terrorist rebels group, enter the fight.

Iran’s military launched another strike on an oil refinery in the Middle East as it continues to retaliate for strikes on its own oil facilities. This comes as more U.S. military members head to the

The U.S. temporarily lifted sanctions on Iranian oil already at sea as oil prices soar amid the Middle East conflict.

Iran threatened on Sunday to attack key infrastructure across the Middle East if US President Donald Trump follows through on his vow to "obliterate" the Islamic republic's power plants unless the

A sharp contradiction has emerged over global oil supply, with Iran claiming it has no surplus crude or oil floating in international waters, directly challenging the US assertion that 140 million barrels could be freed by easing sanctions.

The U.S. is deploying thousands more Marines and sailors to the Middle East as Trump rules out a ceasefire in the ongoing war with Iran.

The US Treasury on Friday temporarily lifted sanctions on Iranian oil already loaded onto vessels, in Washington's latest step to stem a supply crisis over the Middle East war. The authorization allows for the delivery and sale of Iranian crude oil and other petroleum products loaded onto ships before March 20,

President Donald Trump said Friday that he was considering "winding down" military operations against Iran, as the United States temporarily eased sanctions on Iranian oil shipments to stem a global