Iran’s parliament has voted to close the Strait of Hormuz, the vital shipping channel through which around 20% of the world’s daily oil flows. The move, which could block $1 billion in oil shipments ...

If Iran closes the Strait of Hormuz, gas prices in the U.S. could surge due to disrupted global oil shipments.

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

When looking at a map, the Strait of Hormuz might not seem all that impressive. It’s just a slim waterway squeezed between Iran and Oman. But don't let the size fool you. This narrow passage is one of ...

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 ...

Why does it matter? About a fifth of the world’s total oil consumption passes through the strait. Between the start of 2022 and last month, somewhere between 17.8 million and 20.8 million ...

Closing the Strait of Hormuz is one of the ways Iran could retaliate after the U.S. bombed three of the country’s nuclear sites. Here’s what that would mean.

New Rabobank research shows the potential effect of losing this critical shipping channel to the global fertilizer market.

Iran's threat to close the Strait of Hormuz could disrupt world oil prices 03:32. ... Map of the Persian Gulf and Strait of Hormuz showing maritime tanker traffic in September 2024.

Asked for comment about Iran's preparations, a White House official said: "Thanks to the President’s brilliant execution of ...

About 25% of the world’s oil supply travels through the Strait of Hormuz, according to a June 2025 report from the International Energy Agency. The strait transported 20 million barrels of oil ...