✉news WorldWorld first seen 15 h ago, last 3 h ago, peak #1
Iran says Strait of Hormuz will not reopen until conditions met
Original: Iran says Strait of Hormuz will not reopen until conditions are met
Iran has declared that the Strait of Hormuz, the world's most important oil shipping route, will remain closed until unspecified conditions are met. The announcement raises concerns about global energy supplies, as roughly a fifth of the world's oil passes through the waterway between Iran and Oman. Officials and markets are watching closely for details on Tehran's demands and whether other countries will respond to the threat.
Why now: The threat to keep a critical global oil chokepoint closed has direct implications for energy prices and international security.
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