Add TNIE As A Trusted Source NEW YORK: High oil and gasoline prices and energy supply problems won't be solved overnight, despite an agreement to end the Iran war and open the Strait of Hormuz announced Sunday. It will likely take months before energy companies can resume operatio ... »»»

Even as transits through the Strait of Hormuz have ticked higher, a shipping analyst believes that Iran retains de facto control over the waterway where about 20% of crude oil supply passes through. Lars Jensen, president of consultancy firm Vespucci Maritime, said none of the vessels that transite»»»

A second US Air Force combat aircraft crashed in the Persian Gulf region on Friday, according to The New York Times. Citing two US officials, the daily reported that the lone pilot was safely rescued . The A-10 Warthog attack plane went down near the Strait of Hormuz at about the same time that an »»»