It was the first time Iran has announced the closure of the key international waterway, through which 20% of the world's oil passes, since the U.S. began threatening Iran and rushing military assets to the region.

DUBAI, United Arab Emirates (AP) — The United States says it has destroyed more than a dozen mine-laying Iranian vessels to prevent any attempt to close the Strait of Hormuz, highlighting the important role the narrow passageway plays in global energy supply

Iran has shut down the Strait of Hormuz for a military drill amid a US military build-up in the Arabian Sea, in a move that serves as a warning to the world if Donald Trump orders an attack. The temporary closure of parts of the strait came as Iranian news ...

Fearing the supply disruption, Brent crude climbed to $78.55 per barrel, up 7.8% from $72.87 The Strait of Hormuz is crucial as about 20% of global oil supply,that is around 15 million barrels per day, pass through it.

Oil prices jumped as the widening conflict in Iran disrupted tanker traffic through the Strait of Hormuz. Here's a closer look at the vital trade route. (AP Photo)

DUBAI, United Arab Emirates — The United States says it has destroyed more than a dozen mine-laying Iranian vessels to prevent any attempt to close the Strait of Hormuz, highlighting the important role the narrow passageway plays in global energy supply.

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,

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