Iran, Strait of Hormuz
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Oil prices are up sharply as the widening Iran war disrupted tanker traffic through the Strait of Hormuz, highlighting how important the passageway is to the world’s oil supply. The Strait of
Amid the war in the Middle East, Iran has been targeting key energy infrastructure across the region. Tehran is also threatening energy exporters, warning that tankers entering the Strait of Hormuz — a narrow,
Oil prices jumped Monday as the widening war in Iran disrupted tanker traffic through the Strait of Hormuz, highlighting how important the passageway is to the world's oil supply.
Iran's Revolutionary Guards said the Strait of Hormuz, a vital waterway for oil and gas shipments, is unsafe due to US and Israeli attacks and was therefore closed to ships on Saturday, local media reported.
Ship traffic in the Strait of Hormuz is facing disruption and confusion after a major US and Israeli attack on Iran and retaliatory action. US President Donald Trump launched what he called major combat operations against Iran after weeks of military buildup and posturing.
Iran's Revolutionary Guards said Wednesday they had "complete control" of the crucial Strait of Hormuz and Israel launched new strikes on Iranian and Lebanese targets as the war engulfing the Middle East continued into its fifth day.