World/International

Markets were hopeful on Friday after Iran announced that the Strait of Hormuz would be reopened to commercial vessels. Now, escalating tensions are bringing expectations back down.

The Strait of Hormuz has remained largely closed, with only three sanctioned tankers making it through the waterway according to Reuters.

The plan is to increase its force over the next decade to nearly 500,000 active duty and reservist soldiers, roughly twice the number it has now.

Vietnam’s young and increasingly tech-savvy workers are helping transform the country’s economy.

As the populations of the U.S. and other wealthy countries get older, companies are looking in places like Vietnam for younger workers.

The head of the International Energy Agency warned that if the Strait of Hormuz doesn't reopen soon, the availability of jet fuel will continue affecting airlines and summer travel.

Venezuela’s oil industry is shifting — but it can’t offset disruptions caused by war in the Middle East.

China had more than a billion barrels of crude oil in reserve when the war in Iran disrupted the market. The country has also spent years diversifying its energy sources and accelerating electrification.