Strait

Iran ceases all shipping in Strait of Hormuz after U.S.-Israel strikes

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For the first time in history, Iranian officials say the country has closed the Strait of Hormuz following joint strikes from the U.S. and Israel. 20% of the world’s oil and gas trade flows through the passage along Iran’s southern border. Politico oil and gas reporter James Bikales joins to discuss the potential financial repercussions. … Read more

Strait of Hormuz ship traffic slows to a crawl. Here’s what to know about the key oil waterway.

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The U.S. and Israel attacks on Iran are focusing attention on the Strait of Hormuz, a narrow but strategically vital waterway in the region that serves as a key artery for global oil shipments. Marine traffic through the strait has slowed to a trickle since the outbreak of hostilities last week, heightening concerns that the conflict could … Read more