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Iran's threat to block the world's most vital oil transit point has raised fears of major global economic consequences.
The Strait of Hormuz remains one of the most important energy corridors in the world. It is the only sea route from the Persian Gulf to the open ocean, it serves as the primary maritime route for oil ...
Iran’s parliament voted last Sunday to close the Strait of Hormuz, a critical choke point for oil and natural gas located ...
The Strait of Hormuz is a strategic waterway for seaborne oil that has long been used by Iran as a geopolitical bargaining ...
The Iranian parliament backed a move to close a major oil and gas route, after American airstrikes on its nuclear sites.
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Iran has in the past threatened to close the strait but has never followed through on the move, which would restrict trade ...
Regional tensions may compel Iraq to reactivate outdated pipelines that previously carried a significant portion of its oil ...
As U.S. strikes on Iranian nuclear facilities drive fears of retaliation, it remains to be seen whether Iran will try to ...
When Iran targeted ships in the Strait of Hormuz in the 1980s, the U.S. Navy escorted ships through the strait. This June, even without a formal closure, some oil tankers and supertankers — which can ...
India has significantly reduced its reliance on Middle Eastern oil, particularly through the Strait of Hormuz, which handles ...
If things were to re-escalate, the Iranian regime could take a worst-case, most damaging counter-measure by blockading the ...