News

What is the Strait of Hormuz? The Strait is narrow, stretching roughly 31 miles at its widest point. Iran is on its north bank opposite Oman and the United Arab Emirates (UAE).
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’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.
For years, Tehran has threatened to close the Strait of Hormuz, a key energy shipping route to its south. A blockade would hit Asian markets hardest, with global high prices also affecting the US.
Iran’s Parliament voted Sunday to close the Strait of Hormuz, the narrow sea passage out of the Persian Gulf. If the regime does this, it will be consistent with Iran’s recent behavior, which ...
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 ...
U.S. energy independence helps shield American economy from Iran's threats to block the Strait of Hormuz, where one-fifth of global oil consumption and natural gas trade transits daily.
The Strait of Hormuz’s closure could increase the price of oil beyond $100 a barrel globally, triggering an increase in average gas prices in the U.S. according to news reports.
The Strait of Hormuz is a vital artery for global energy flows, accounting for about 25% of global seaborne oil shipments and about 20% of liquified natural gas flows.
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 ...