Closing the Strait of Hormuz would send oil prices massively higher — at least at first If Iran blocked the strait, oil prices could shoot as high as $120-$130 per barrel, at least temporarily, said ...

What is the Strait of Hormuz? The Strait is narrow, stretching roughly 31 miles at its widest point. Iran is on its north bank opposite Oman and the United Arab Emirates (UAE).

According to an analysis by Emperador, any disruption in energy exports through this strategic checkpoint may result in a 25% to 40% rise in crude oil prices. Consequently, the global bitumen market ...

Over the Strait of Hormuz, the legendary F-14 Tomcat once faced real combat in the tense waters of the Persian Gulf. In this ...

Iran controls the Northern side of the Strait of Hormuz, a passage which sees significant global trade pass through daily. If it so wished, Iran could block vessels from journeying through, or ...

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 ...

Now, concerns over the Strait of Hormuz are once again at an all-time high. Iran controls the Northern side of the Strait of Hormuz, a passage which sees significant global trade pass through daily.

A functioning Strait of Hormuz is “absolutely essential” to the health of the global economy, he said. “Following America’s attack on the Fordow nuclear installation, it is now our turn,” warned ...

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 ...