US oil bosses warn Donald Trump to block Iran’s Strait of Hormuz toll
Executives step up lobbying to convince White House that Tehran controlling the strategic waterway sets dangerous precedent
Executives step up lobbying to convince White House that Tehran controlling the strategic waterway sets dangerous precedent

Threat follows Donald Trump’s announcement that America would ‘guide’ stranded ships through waterway

US lacks firepower to provide $350bn in coverage needed to revive Strait of Hormuz transits, JPMorgan says

Reopening the critical waterway is a sticking point in negotiations as oil supply bottlenecks prompt a global energy crisis

Trump suggests warring sides are closer to a permanent ceasefire

Naval embargo designed to cut off Iran’s exports threatens to destabilise global energy markets

Address by Trump signalling possible escalation of Iran conflict raises prospect of prolonged closure of Strait of Hormuz