The war between Israel and Iran has raised concerns that Iran could retaliate by trying to close the Strait of Hormuz, the world's most important oil chokepoint due to the large volumes of crude that ...

The stretch of water borders the coastline of several Middle East countries, including Iran, and is vital for the global oil ...

A narrow passage of water called the Strait of Hormuz is the primary route for Middle Eastern countries shipping oil and petroleum products from the Persian Gulf to the rest of the world. Iran has ...

Iran's threat to block the world's most vital oil transit point has raised fears of major global economic consequences.

The Iranian parliament backed a move to close a major oil and gas route, after American airstrikes on its nuclear sites.

The Strait of Hormuz is one of the world's busiest shipping lanes, so any disruption would hit the energy markets hard.

Iran threatened to close the Strait of Hormuz, a vital shipping lane handling 20% of global petroleum demand, in response to ...

In the U.S., the agency reported that oil imports through the Strait of Hormuz only accounted for 7% of the country's total oil imports and 2% of its liquid petroleum consumption over the same period.

Saudi Arabia is the largest oil exporter that relies on the Strait and accounts for nearly 40% of the oil exports that pass ...

Oil prices eased off a 5-month high as expectations Iran won't close the Strait of Hormuz for now. But this may still change, ...

The Strait of Hormuz is between Oman and Iran, ... If Iran blocked the strait, oil prices could shoot as high as $120-$130 per barrel, at least temporarily, said Homayoun Falakshahi, ...

About 20 million barrels of oil per day, or around 20% of the world’s oil consumption, passed through the strait in 2024. Most of that oil goes to Asia. Here is a look at the waterway and its ...