International energy traders are bracing for disruptions after Iran’s parliament endorsed the closure of the Strait of Hormuz, a crucial choke point for the world’s oil supply, with the ...

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 ...

The Strait of Hormuz’s width and depth allow it to handle the world’s largest crude oil tankers, and very few alternatives exist if it is closed, according to the U.S. Energy Information ...

The strait, located between Iran and Oman, remains a critical oil choke point, and closing it could have serious implications for both the global and U.S. economy.

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 ...

The Strait of Hormuz is the most important oil chokepoint in the world with daily oil flows averaging 21 million bpd, or the equivalent of 21 percent of global petroleum liquids consumption.

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 ...