An Iranian envoy says Tehran will “facilitate and expedite” humanitarian aid through the Strait of Hormuz, even as it endures strikes on its nuclear facilities.

U.S. President Donald Trump has characterized an operation to unblock the economically vital passage as too simplistic, according to issue experts.

US government officials and Wall Street analysis are starting to consdier the prospect that oil prices might surge to an unprecedeted $200 a barrel.

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,