The Iranian government reveals its plan to close the Strait of Hormuz, a crucial waterway responsible for 20 percent of the world's oil consumption.

Vessels face dangers from electronic interference to Houthi attacks and threat of further escalation in Israel-Iran war

Cargo movement through the Strait of Hormuz has marked a small decline, but there’s been no major disruption to key oil infrastructure so far, easing some of the worst fears about the ongoing conflict between Iran and Israel.