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Strait of Hormuz is a significant and strategic route for shipping in the region as around a fifth of the global oil shipments pass via the route each year. | World News ...

Iran could shut the Strait of Hormuz as a way of hitting back against its enemies, a senior lawmaker said on Thursday, though a second member of parliament said this would only happen if Tehran's ...

Speaking last week about the significance of the Strait of Hormuz in global energy markets, experts told Global News the route is crucial to the global economy. “It is an enormous, probably the ...

Discover the Strait of Hormuz: its map, critical importance, key facts, and role as a vital chokepoint for global oil transit. Learn why this narrow waterway is essential to energy markets.

Amid the Israel-Iran conflict, Iran is reportedly considering closing the Strait of Hormuz, which is critical in transporting the world's oil.

Experts say that if the Strait of Hormuz is affected, prices could raise to anywhere around $100-150 a barrel from the current $76.45 per barrel for Brent (after a $5 increase within the past week).

Iran retains the naval assets and other capabilities it would need to shut down the Strait of Hormuz, a move that could pin any U.S. Navy ships in the Persian Gulf, American military officials say.

“Tehran cannot close Hormuz without crippling itself: the new Jask outlet east of the strait has loaded under 300,000 bpd and ran for only a month last year, while almost all of Iran’s 1.7-1.8 ...

In January 2012, Iran threatened to block the strait in retaliation for U.S. and European sanctions. In May 2019, four vessels - including two Saudi oil tankers - were attacked off the UAE coast ...

Greece, UK advise ships to avoid Strait of Hormuz after Israeli strikes on Iran Shipping association says Iranian retaliation could come in form of missile attacks on ships or laying of sea mines ...