The Strait of Hormuz Is a Vital Route for Oil. Closing It Could Backfire on Iran
Headline from Military.com
The Strait of Hormuz is between Oman and Iran, which boasts a fleet of fast-attack boats and thousands of naval mines as well as missiles that it could use to make the strait impassable, at least for a time.
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CNN By John Liu and Chris Isidore, CNN Hong Kong (CNN) — While there have been no major disruptions to the global oil supply so far, the attacks on Iran — by Israel and then the US — have rattled investors, sending oil futures soaring by around 10% since the start of hostilities, among fears
After U.S. strikes, Iranian government officials threatened to close an important oil trade route. The move would be costly for Iran and countries such as China that rely heavily on Iran’s oil exports. It could drive up gas prices, too.
The Strait of Hormuz is between Oman and Iran, which boasts a fleet of fast-attack boats and thousands of naval mines as well as missiles that it could use to make the strait impassable, at least for a time.
Identical headlines usually mean shared wire copy. They are counted as separate articles but are not independent confirmation.
The Strait of Hormuz Is a Vital Route for Oil. Closing It Could Backfire on Iran | Since Then
