Add Yahoo as a preferred source to see more of our stories on Google. Tankers held off the coast of Fujairah in the UAE following restrictions in the Strait of Hormuz - Amr Alfiky/REUTERS Iran could face serious food shortages if the disruption to shipping ...

Sen. Brian Schatz (D-Hawaii) skewered President Donald Trump for launching a "regime change war of choice" while Americans continue to suffer.

U.S. sanctions waivers allowing the sale of Iranian oil already at sea are unlikely to free up more barrels because Tehran can’t get paid for them, said Fernando Ferreira, a geopolitical analyst at Washington-based consulting firm Rapidan Energy.

The US has announced a temporary waiver of sanctions on Iranian oil, allowing the sale of millions of barrels stranded at sea in a bid to stabilise global energy markets.According to multiple reports,