Tensions Rise Over Iran's Strait of Hormuz Threats
The Strait of Hormuz is a crucial shipping lane that handles about 20% of global oil, and Iran's potential to block it poses significant risks to the global economy, especially affecting major importers like China, India, and Japan. While Iran has threatened to close the strait, it has not done so historically, and military options exist for both Iran and its adversaries to manage such a scenario. Countries have developed alternative routes, but disruptions could still cause substantial economic and geopolitical instability.
