Strait of Hormuz becomes flash point in US-Iran conflict by: Elvia Limon, The Hill Posted: Jun 22, 2025 / 11:36 PM CDT Updated: Jun 23, 2025 / 05:31 AM CDT ...

If Iran blocked the strait, oil prices could shoot as high as $120-$130 per, at least temporarily, said Homayoun Falakshahi, head of crude oil analyst at Kpler, in an online webinar Sunday.

India India is highly dependent on the Strait of Hormuz, importing 2.1 million barrels of crude a day through the corridor in the first quarter, EIA data shows. Around 53 percent of India's imported ...

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 ...

The Iranian Parliament on Sunday approved a measure to close the Strait of Hormuz after the United States bombed three nuclear sites in Iran. The strait, located between Iran and Oman, remains a cr… ...

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.

In May, approximately 17.8 million to 20.8 million barrels of crude, condensate, and fuels flowed through the strait daily, according to data from analytics firm Vortexa. Saudi Arabia uses it to ...

Shipping groups avoid the Strait of Hormuz to reduce exposure after U.S. strikes on Iran By Sam Meredith, CNBC • Published June 23, 2025 • Updated on June 23, 2025 at 4:44 am ...

Iran has threatened to close the Strait of Hormuz several times but has never followed through because the country also relies on it to export most of its crude oil, along with other Organisation ...

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 ...

More than 80 percent of the crude oil and natural gas that passed through the Strait of Hormuz in 2024 was destined for Asian markets, with China, India, Japan and South Korea being the top ...