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Iran threatened to close the Strait of Hormuz, a vital shipping lane handling 20% of global petroleum demand, in response to U.S. and Israeli strikes on Iranian nuclear facilities.
As U.S. strikes on Iranian nuclear facilities drive fears of retaliation, it remains to be seen whether Iran will try to block oil trade via the Strait of Hormuz.
While there have been no major disruptions to the global oil supply so far, the attacks on Iran — by Israel and then the US — have rattled investors, sending oil futures soaring by around 10% ...
What Is the Strait of Hormuz, and Why Is It Important? Iranian officials have threatened to mine the waterway, which is a key shipping route for oil and gas.
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 ...
Iranian lawmakers have been backing calls to close the Strait of Hormuz, a vital global trade route, where more than a fifth of the world’s oil supply passes every day.
The Israel-Iran ceasefire held on Tuesday, but GPS jamming in the Strait of Hormuz remains a top security concern for vessels, according to a tanker CEO.
The Iranian Parliament approves a measure to close the Strait of Hormuz in response to US airstrikes. Potential economic impact on global market.
The Strait of Hormuz, which connects the Persian Gulf to the Arabian Sea, is recognized as one of the world’s most important oil chokepoints.
The Israel-Iran ceasefire held on Tuesday, but GPS jamming in the Strait of Hormuz remains a top security concern for vessels, according to a tanker CEO.
When looking at a map, the Strait of Hormuz might not seem all that impressive. It’s just a slim waterway squeezed between Iran and Oman. But don't let the size fool you. This narrow passage is ...
Around 84 percent of oil passing through the Strait of Hormuz is destined for Asia, leaving the economies of China, India, South Korea and others vulnerable should Iran blockade the ...