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Iranian lawmaker says Tehran considering closing waterway, described as ‘world’s most important oil transit chokepoint’.
The stretch of water borders the coastline of several Middle East countries, including Iran, and is vital for the global oil ...
US intelligence said to have detected sea mines loaded onto naval vessels, though move may have been ruse to ramp up pressure ...
Iran threatened to close the Strait of Hormuz, a vital shipping lane handling 20% of global petroleum demand, in response to ...
Following Iranian strikes on the U.S. Al Udeid Air Base and Tuesday's shaky ceasefire between Israel and Iran, the future of the conflict remains unclear.
The Iranian military loaded naval mines onto vessels in the Persian Gulf last month, a move that intensified concerns in ...
The war between Israel and Iran has raised concerns that Iran could try to close the Strait of Hormuz, the world’s most important oil chokepoint. The strait is between Oman and Iran. About ...
While the Iranian threat has loomed of effectively closing the passage, US intelligence indicated that Iran's naval vessels ...
That means that about 15% of global crude oil supply and 20% of liquefied natural gas, or LNG, passes through the Strait of Hormuz, according to Morgan Stanley analysis released on Tuesday.
Iran ceasefire held on Tuesday, but GPS jamming in the Strait of Hormuz remains a top security concern for vessels, according ...
New Rabobank research shows the potential effect of losing this critical shipping channel to the global fertilizer market.
Saudi Arabia is the largest oil exporter that relies on the Strait and accounts for nearly 40% of the oil exports that pass ...