China, the largest buyer of Iranian oil, sourced 5.4 million barrels per day through the Strait of Hormuz in the first quarter this year, while India and South Korea imported 2.1 million and 1.7 ...

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.

But Iran can make it hugely expensive, and dangerous, for the U.S. Navy to have to conduct what would most likely be a weekslong mine-clearing operation in the Strait of Hormuz, according to one ...

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 ...

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.

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.

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 ...

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 ...

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 ...

Vessels near the Strait of Hormuz have been broadcasting unusual messages concerning nationality in a bid to avoid being attacked as doubts linger over the ceasefire between Israel and Iran ...

In a more severe case, oil flows through the Strait of Hormuz are cut by 50% for one month and stay down 10% for another 11 months. That scenario could cause Brent crude to spike briefly to $110 ...