The risk of Iran closing the Strait of Hormuz is real and could disrupt 20% of global oil supply. Click here for more ...

The Odessa American is the leading source of local news, information, entertainment and sports for the Permian Basin.

THE government is ready to roll out fuel subsidies if the situation in the Middle East worsens and triggers a surge in crude ...

Two oil tankers collided and caught fire near the Strait of Hormuz Wednesday night. The tankers, located off the coast of ...