Iran's threat to close the Strait of Hormuz could disrupt world oil prices 03:32. The United States launched military strikes on three Iranian nuclear facilities Sunday morning local time, an ...

Iran threatened to close the Strait of Hormuz, a vital shipping lane handling 20% of global petroleum demand, in response to U.S. and Israeli strikes on Iranian nuclear facilities.

The Strait of Hormuz is between Oman and Iran, which boasts a fleet of fast-attack boats and thousands of naval mines as well as missiles that it could use to make the strait impassable, ...

Iran's parliament approved a measure June 22 endorsing the closure of the Strait of Hormuz, a major oil transportation route, following U.S. airstrikes in Iran.. Around 20% of the world's oil and ...

Last year, an average of about 20 million barrels per day passed through the Strait of Hormuz, which amounts to roughly 20% of liquid petroleum consumed worldwide, according to the U.S. Energy ...

China, the largest buyer of Iranian oil, sourced 5.4 million barrels per day through the Strait of Hormuz in the first quarter this year, while India and South Korea imported 2.1 million and 1.7 ...

If Iran moves to blockade the Strait of Hormuz, oil and gas prices could spike, but analysts see that scenario as unlikely for now. Accessibility statement Skip to main content.

The Strait of Hormuz is a narrow waterway located between the Persian Gulf and the Gulf of Oman. It is one of the most strategically important maritime chokepoints in the world, as roughly 20% of ...

Iran’s Parliament voted Sunday to close the Strait of Hormuz, the narrow sea passage out of the Persian Gulf. If the regime does this, it will be consistent with Iran’s recent behavior, which ...

The EIA estimates that 84% of the crude oil and 83% of the liquefied natural gas that moved through the Strait of Hormuz last year went to Asian markets.China, the largest buyer of Iranian oil ...