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In a significant escalation of geopolitical tensions, Iran's parliament has voted to close the Strait of Hormuz, a crucial maritime passage for about one-fifth of the world's daily oil shipments ...
A ship sails in the Strait of Hormuz, June 24. Photo: ali haider/epa/shutterstock Your editorial “ Iran’s Strait of Hormuz Gambit ” (June 23) rightly notes the waterway’s importance.
The Strait of Hormuz isn’t the only concern when it comes to flows of crude and other energy products out of the Middle East. Oil traders and global investors await Iran’s response to U.S. strike.
Iranian lawmakers have said blocking the strategic Strait of Hormuz could be one retaliatory response to U.S. and Israeli attacks, and have given symbolic approval to the decision.
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% ...
Iran’s parliament has voted to close the Strait of Hormuz, the vital shipping channel through which around 20% of the world’s daily oil flows.
Iran has been warned that shutting a major oil “choke point” in the Middle East in retaliation for US strikes on its nuclear facilities would be “economic suicide”.
The Strait of Hormuz is between Oman and Iran, which boasts a fleet of fast-attack boats and thousands of naval mines as well as missiles that it could use to make the strait impassable, at least ...
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.. Around 20% of the world's oil and ...
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 ...
Asked for comment about Iran's preparations, a White House official said: "Thanks to the President’s brilliant execution of Operation Midnight Hammer, successful campaign against the Houthis ...