The Islamic Republic has vowed to block the region’s oil exports, saying it would not allow “even a single liter” to be shipped to its enemies.

The Strait of Hormuz is the narrow mouth of the Persian Gulf through which about a fifth of the world's oil passes. Tankers traveling through the strait, which is bordered in the north by Iran, carry oil and gas from Saudi Arabia, Kuwait, Iraq, Qatar, Bahrain, the UAE and Iran. Most of that oil goes to Asia.

The Strait of Hormuz is the narrow mouth of the Persian Gulf through which about a fifth of the world's oil passes.

The ongoing American-Israeli war on Iran, for all its complexity and global effects, boils down to a single question: Who can take the pain the longest? A

The escalating Iran crisis could disrupt 55–65% of India’s LNG imports that pass through the Strait of Hormuz, raising concerns about energy shortages and rising input costs for several industries, according to an analysis by Shriram Asset Management.

Gas prices are climbing as the Iran war essentially shuts down shipping through the Strait of Hormuz, a narrow passage off Iran’s coast that serves as a key route for oil and gas from the Persian Gulf.

President Trump said Friday that the U.S. launched punishing air strikes on Iran’s Kharg Island while sparing vital oil infrastructure as he pressed the country not to interfere with shipping through the Strait of Hormuz.

President Donald Trump said Friday night the US “totally obliterated every military target” on Kharg Island, which handles roughly 90% of Iran’s crude exports. Follow for live updates.