The Strait of Hormuz also brings 25% of ammonia, 20% of DAP, 10% of MAP and 30% of sulfur global exports. Taylor says an important factor would be the timing.

Iran's parliament approved a measure June 22 endorsing the closure of the Strait of Hormuz, a major oil transportation route, following U.S. airstrikes in Iran.

The strait connects the Persian Gulf with the Gulf of Oman and the Arabian Sea. It's only 33 kilometers (21 miles) wide at its narrowest point, but deep enough and wide enough to handle the world ...

Iran's parliament approved a measure June 22 endorsing the closure of the Strait of Hormuz, a major oil transportation route, following U.S. airstrikes in Iran.

The Strait of Hormuz is a vital artery for global energy flows, accounting for about 25% of global seaborne oil shipments and about 20% of liquified natural gas flows.

Iran, a key OPEC member, <b>produces around 3.3 million barrels of oil per day and exports over 2 million daily,</b> most of it through the Strait of Hormuz. </br></br> As tensions with Israel ...

For years, Tehran has threatened to close the Strait of Hormuz, a key energy shipping route to its south. A blockade would hit Asian markets hardest, with global high prices also affecting the US.

Market Extra Market Extra It isn’t just the Strait of Hormuz. Oil traders and global investors await Iran’s response to U.S. strike. By William Watts Published: June 22, 2025 at 4:20 p.m. ET Share ...

In 1904, British Admiral John Fisher identified five key locations that "lock" the world: the Strait of Dover, the Strait of Gibraltar, the Suez Canal, the Cape of Good Hope, and the Malacca Strait.

Your editorial “ Iran’s Strait of Hormuz Gambit ” (June 23) rightly notes the waterway’s importance. Much of the global economy depends on the 20% of the world’s oil supply that travels ...