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Strait Of Hormuz Crisis: US-Israel strike Iran: Why is Strait of Hormuz important & how its possible closure could hike global crude oil prices?

AI image (Picture credit: OpenAI via ChatGPT) The Strait of Hormuz – a narrow water passageway in the Middle East – is back in focus. The US and Israel strikes on Iran and its retaliation on Saturday have sent ripples globally, and the growing tensions in the Middle East spell trouble for crude oil prices.US…

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Iran temporarily shuts parts of Strait of Hormuz — why it matters far beyond the Gulf

Iran has temporarily closed parts of the Strait of Hormuz, one of the world’s most critical energy chokepoints, as tensions with the United States escalate. Iranian state and semi-official media reported live-fire naval drills in the narrow waterway, with missiles launched from inside Iran and along its coast reportedly striking targets in the strait.The closure,…

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