Iran’s paralysis of the Strait of Hormuz has led to major disruption in global oil and gas supply and many countries have begun tapping into their strategic oil reserves to evade an economic crisis.

Dozens of countries have done the unprecedented, releasing an historic amount of crude from emergency reserves to prevent high oil prices from crippling the economy. If that doesn’t work, there’s only ...

Japan has started releasing oil from its reserve to stabilize supply amid the continuing tanker traffic freeze in the Strait of Hormuz. Initially, the government will release 15 days’ worth of oil ...

When 32 countries this week moved to tap their emergency crude oil stockpiles in an effort to steady soaring oil prices, the gesture was quickly overshadowed by Iran's escalating strikes in the Strait ...

MORE THAN 100 days into the third Gulf war, oil markets have shielded themselves against bad news on the battlefield. On June 8th, after renewed strikes between Iran and Israel threatened a shaky ...

Reserves or no reserves, the outlook remains bleak as long as a major oil and gas trade route remains virtually closed. By Aaron Krolik Reporting from Seoul Reality is starting to set in for the world ...