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 controls the Northern side of the Strait of Hormuz, a passage which sees significant global trade pass through daily. If it so wished, Iran could block vessels from journeying through, or ...

The Chinese navy is in the Strait of Gibraltar as a U.S. aircraft carrier makes its way from the East Coast to Europe.

One of the most geopolitically sensitive maritime routes, the Strait of Hormuz is just 21 miles across at its narrowest point. It connects the Persian Gulf to the Indian Ocean, with Iran to its ...

Meanwhile, Goldman Sachs has warned that oil prices could surge to $110 per barrel if traffic through the Strait of Hormuz is severely disrupted — such as a 50% cut for one month followed by a ...

What is the Strait of Hormuz? The Strait of Hormuz is a major oil transportation route, ferrying around 20% of the world's oil and gas flow. The narrow channel, whittling down to just 21 miles ...

In June 2024, an average of 114 ships transited the strait each day. The shipping industry has learned to distinguish between threats and realities, knowing that Iran depends on the passage too.

At least two supertankers made U-turns near the Strait of Hormuz following U.S. military strikes on Iran, shiptracking data shows, as more than a week of violence in the region prompts vessels to ...

The Strait of Hormuz is one of the world's busiest shipping lanes, so any disruption would hit the energy markets hard. Why all eyes are on the Strait of Hormuz, a 90-mile strip critical to global ...

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 ...