Iran has threatened to close the Strait of Hormuz in response to attacks by Israel. Nearly 20% of global oil and 30% of global LNG passes through the Strait of Hormuz. So far, we have a barrage of missile attacks from both countries,

The Strait of Hormuz, a crucial passage for a significant portion of the world's oil and gas supply, remains open despite Iran's threats of closure. Analysts suggest such threats serve as diplomatic tools,

As the conflict between Israel and Iran intensifies, speculation is rising about whether the Iranians will close the Strait of Hormuz, which is critical to the world’s oil production. Two ocean tankers crashed into each other and burst into flames near the strait early Tuesday morning amid reports of electronic interference caused by Israel and