Senator Lindsey Graham warns that a potential Iranian oil blockade could expand globally, cautioning Tehran's allies that they act at their own peril.

UPDATE: Tanker Helga reaches Basra terminals, the second vessel to arrive at the port since the closure of the Strait of Hormuz.

The tanker Helga has arrived at Basra terminals, marking the second vessel to reach the facility since the closure of the Strait of Hormuz.

Czech government approves CEZ spin-off plan as first step toward state takeover. The move initiates a restructuring process for the energy company.

The Czech government has approved a plan to spin off assets of energy company CEZ, marking the initial phase of a potential state takeover.

Oil prices climb 3% as tensions rise near the Strait of Hormuz. Brent crude trades above $106 per barrel while WTI sees similar gains as market participants react to regional instability.

Brent crude oil prices rose approximately 3% to exceed $106 per barrel, while WTI crude also increased by about 3% amid rising tensions near the Strait of Hormuz.

European natural gas prices are on track for a 16% weekly gain as tensions in the Strait of Hormuz escalate. The rise reflects market concerns over potential supply disruptions in the region. #Energy #Markets

European natural gas prices are on track for a 16% weekly increase amid rising tensions in the Strait of Hormuz.