Iran closes key Strait of Hormuz after ayatollah threatens US warships
Iran closes key Strait of Hormuz shipping route after ayatollah threatens to sink US warships - The strategic waterway has not been shut since the 1980s. The move comes amid ongoing tensions with the
What to know about the Strait of Hormuz, a key passageway essential for global energy supply
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.
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Iran’s attacks on energy infrastructure are driving up oil and gas prices. The chaos may end up benefiting Russia.
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,
Roughly one-fifth of the world's oil moves through the passageway
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.