Iran may close the vital maritime route, through which one-fifth of the world’s oil supply is shipped every day.

RIYADH: As the conflict between Israel and Iran intensifies, attention has turned to the Strait of Hormuz — a narrow, 33-kilometer-wide stretch of water separating Oman and Iran…

The decision to close the Strait, through which around 20 per cent of global oil and gas demand flows, could see the world thrown into disaster.