U.S.-Iran strikes close Strait of Hormuz to oil traffic
U.S. strikes have prompted Iran to close the Strait of Hormuz. The waterway handles a fifth of world crude and LNG exports. Negotiations have long centered on control of this critical passage.
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Closure of the Strait of Hormuz directly raises energy prices paid by U.S. drivers and homeowners through higher gasoline and heating costs. The waterway carries one-fifth of global crude and LNG, so any sustained shutdown transmits immediately into household budgets and broader inflation.
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U.S. strikes have prompted Iran to close the Strait of Hormuz. The waterway handles a fifth of world crude and LNG exports. Negotiations have long centered on control of this critical passage.
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