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The Strait of Hormuz is one of the world's busiest shipping lanes, so any disruption would hit the energy markets hard.
The Iranian parliament backed a move to close a major oil and gas route, after American airstrikes in the country.
The Strait of Hormuz matters enormously because it channels roughly one‑fifth to one‑quarter of the world's oil supply, ...
As the US joins Israel’s war with Iran, Tehran threatens to block strategic waterway – risking global energy and trade crisis ...
Around 84 percent of oil passing through the Strait of Hormuz is destined for Asia, leaving the economies of China, India, ...
Goldman Sachs flagged risks to global energy supply amid concerns over a potential disruption in the Strait of Hormuz that ...
Petroleum minister's statement comes at a crucial time when oil markets are expected to open sharply higher after US' ...
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