If Iran moves to blockade the Strait of Hormuz, oil and gas prices could spike, but analysts see that scenario as unlikely for now.

That means that about 15% of global crude oil supply and 20% of liquefied natural gas, or LNG, passes through the Strait of Hormuz, according to Morgan Stanley analysis released on Tuesday.

A narrow passage of water called the Strait of Hormuz is the primary route for Middle Eastern countries shipping oil and petroleum products from the Persian Gulf to the rest of the world. Iran has ...

The war between Israel and Iran has raised concerns that Iran could retaliate by trying to close the Strait of Hormuz, the world's most important oil chokepoint due to the large volumes of crude that ...

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 ...

What is the Strait of Hormuz - and where is it? The Strait of Hormuz is one of the world's most important shipping routes, and its most vital oil transit choke point. Bounded to the north by Iran and ...

The Strait of Hormuz serves as the world’s single most important oil passageway. Over one-sixth of global oil production, equating to around 17.2 million barrels per day, passes through this narrow ...

The war between Israel and Iran has raised concerns that Iran could try to close the Strait of Hormuz, the world’s most important oil chokepoint By Associated Press June 23, 2025 ...

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 ...

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 ...