The U.S. Navy could begin escorting oil tankers through the Strait of ​Hormuz if necessary, President Donald Trump said, adding he had ordered the U.S. International Development Finance Corporation to provide political risk insurance and ‌financial guarantees for maritime trade in the Gulf.

Oil tanker traffic in the Strait of Hormuz has plunged by 90% since the outbreak of US-Israeli attacks on Iran, the energy market intelligence firm Kpler says on X.

Lauren Betts and the Bruins might be the team best positioned to knock off UConn in the NCAA tournament later this month. Gold rises in the aftermath of US-Israel attacks on Iran and retaliatory strikes in the region.

(Corrects to insert paragraph 1 dropped words "sailed through") SINGAPORE, March 4 (Reuters) - An oil tanker sailed through the Strait of Hormuz on Tuesday, heading to a United Arab Emirates port to load crude in a rare voyage since the Iran war disrupted shipping in the Middle East,

An exchange-traded fund that provides exposure to oil-tanker freight rates was soaring after the U.S. and Israel bombarded Iran and raised concern over shipping through the Strait of Hormuz. Shares of the Breakwave Tanker Shipping ETF,

Crude oil and natural gas prices have spiked higher since the US attacked Iran on Feb 28. Read more at straitstimes.com. Read more at straitstimes.com.

The Strait of Hormuz, with Iran to its north, is the world's most critical oil chokepoint, where roughly 15 million barrels of crude oil pass daily.

It is not clear who attacked the tanker, Stena Imperative. Its U.S. operator, Crowley, described “aerial impacts” and said that a fire on board was quickly extinguished.

A tanker believed to be carrying Russian oil to fuel-starved Cuba diverted away, a move that’s likely to worsen shortages on the Caribbean island.

The Justice Department has filed a complaint to legally take ownership of a sanctioned tanker and nearly 2 million barrels of petroleum seized off the coast of Venezuela in December.