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Why all eyes are on the Strait of Hormuz, a 90-mile strip critical to global oil prices

Business Insider Monday, 23 June 2025 ()
The Strait of Hormuz is one of the world's busiest shipping lanes, so any disruption would hit the energy markets hard.
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Video Credit: Oneindia - Published
News video: BREAKING: Iran Votes To Close Strait Of Hormuz In Retaliation To U.S Strikes on Nuclear Facilities

BREAKING: Iran Votes To Close Strait Of Hormuz In Retaliation To U.S Strikes on Nuclear Facilities 03:37

 In a bold and unanimous move, Iran’s Parliament has approved the decision to close the strategic Strait of Hormuz — a key chokepoint for global oil shipments — in response to escalating U.S. military aggression. The resolution now awaits approval from Iran’s National Security Council. If...

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