Iran’s threat to control the Strait of Hormuz endangers a vital oil route, escalating US tensions and unsettling global energy markets.
Key takeaways
- Iran Declares Control Over Strait of Hormuz Amid Rising US Tensions
- Iran’s military leaders just threatened to assert full control over the Strait of Hormuz, the narrow maritime corridor responsible for one-fifth of all global oil ship...
- The timing is no accident. This saber-rattling lands days after new US sanctions hit Iranian shipping and drone manufacturers, and just weeks after the Pentagon deploy...
- The Strait of Hormuz is the world’s most important oil chokepoint: nearly 21 million barrels pass through its 21-mile-wide bottleneck daily, according to the US Energy...
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