Strait of Hormuz Under Siege: A Crisis Unfolding The resumption of hostilities between the United States and Iran has sent shockwaves through global markets, with oil prices surging to their highest point in months.
The renewed conflict threatens to disrupt one of the world's most critical energy chokepoints, the Strait of Hormuz.
The Oil Market at a Crossroads The Strait of Hormuz is a vital artery that carries approximately 25% of the world's seaborne oil trade. Around 20.