The Economic Times

What is Strait of Hormuz and will Iran close it now? Key global oil trade route explained after US-Israeli war on Iran

What is Strait of Hormuz and will Iran close it now? The US-Israeli war on Iran has raised fears of a Strait of Hormuz closure. Around 20% of global oil and gas passes through this route. Any block could disrupt oil supply, raise oil prices, and impact global markets.