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What is the Strait of Hormuz and why does it matter to global trade?

Daily Record Monday, 23 June 2025 ()
What is the Strait of Hormuz and why does it matter to global trade?The UK could be hit hard if Iran closes the Strait of Hormuz in response to American strikes on its nuclear sites
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News video: Iran CLOSES Global Oil Chokehold? Hormuz Closure Approved After Us-Israel Strikes | What Next?

Iran CLOSES Global Oil Chokehold? Hormuz Closure Approved After Us-Israel Strikes | What Next? 03:37

 Iran’s parliament has voted to close the Strait of Hormuz, a vital oil route carrying 20% of global crude. Though the final decision awaits the Supreme National Security Council, the move is seen as retaliation to U.S.-Israel attacks on Iranian nuclear sites. A closure would rattle global oil...

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