Iranian officials have threatened to mine the waterway, which is a key shipping route for oil and gas.
Category: Strait of Hormuz
Oil Markets on Edge After American Bombing of Iran
Fighting has the potential to disrupt oil markets, but a move by Iran to cut off supply would chiefly hurt China, the biggest buyer of Iranian oil.
Oil Prices Climb as Trump Calls for Iran’s ‘Surrender’
They rose more than 4 percent as traders wondered if the United States would take a more active role in the conflict between Israel and Iran.
Oil Prices Could Climb Higher if Mideast Tensions Escalate
A sustained rise in the price of crude oil, which jumped sharply after Israel attacked Iran, could hurt consumers and President Trump’s efforts to bring down energy costs.
Cargo That Set Off Blast at Iran Port Was Improperly Documented, Investigators Say
The death toll from the explosion rose to 70, as officials said the massive blast involved a shipment whose documentation obscured the nature of the substances it carried.
Massive Iran Port Explosion Kills at Least 14 and Injures Hundreds
An Iranian with ties to the security services and an international security firm said that a missile fuel component exploded, but Iranian officials did not report any indication of an attack.
