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  • Strait of Hormuz

Michelle Thompson.

What would happen if Iran closed the Strait of Hormuz?

The strait carries up to 20% of the world's oil exports at around 20 million barrels of oil each day. Any closure could cost the global economy greatly, even if only for a short time.

Amer Ziab Al-Tamimi 19 June 2025
Ultra-Orthodox Jewish men inspect the damage at the site of an Iranian missile strike in Bnei Brak, east of Tel Aviv, on June 16, 2025. OHN WESSELS / AFP

How the Israel-Iran flare-up is impacting the global economy

From spiking crude to dwindling confidence, the sudden and unprecedented escalation between these two regional powers has sent markets into a tailspin

Abdel-Rahman Ayas 16 June 2025

Why the Strait of Hormuz Is Still the World’s Most Important Chokepoint

The Strait of Hormuz links the majority of the world’s peoplewho live along the shores ofAsia and East Africato the heart of theMiddle East. Long before the discovery of oil, it was the world’s…

Allen James Fromherz 26 July 2019
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Its position reflects a political outlook grounded in strategic foresight and a steadfast commitment to national interest

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