The war between Israel and Iran has raised concerns that Iran could retaliate by trying to close the Strait of Hormuz, the world's most important oil chokepoint due to the large volumes of crude that ...

The Strait of Hormuz is one of the world's busiest shipping lanes, so any disruption would hit the energy markets hard.

Iran last disrupted traffic in the Persian Gulf in April last year when it seized an Israel-linked container ship near the ...

A narrow passage of water called the Strait of Hormuz is the primary route for Middle Eastern countries shipping oil and petroleum products from the Persian Gulf to the rest of the world. Iran has ...

In May 2019, four vessels – including two Saudi oil tankers – were attacked off the UAE coast, outside the Strait of Hormuz. Three vessels, two in 2023 and one in 2024, were seized by Iran ...

The Strait of Hormuz isn’t the only concern when it comes to flows of crude and other energy products out of the Middle East.

If things were to re-escalate, the Iranian regime could take a worst-case, most damaging counter-measure by blockading the Strait of Hormuz, the narrow waterway between Iran and Oman through which 21% ...

Iran threatened to close the Strait of Hormuz, a vital shipping lane handling 20% of global petroleum demand, in response to ...

A short-term Strait of Hormuz closure could add $8.25-$31.25 to the cost of a barrel of oil, according to ClearView Energy Partners. Threatening to close the Strait thus boosts Iran's energy earnings.

The closure of the Strait of Hormuz would have potentially devastating flow-on effects for oil supplies and prices in ...

Iran's threat to close the Strait of Hormuz could disrupt world oil prices 03:32. The United States launched military strikes on three Iranian nuclear facilities Sunday morning local time, an ...

Saudi Arabia is the largest oil exporter that relies on the Strait and accounts for nearly 40% of the oil exports that pass ...