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Closing Strait of Hormuz would hurt Iran’s allies the most
Iran makes threats, but it will not act. It will not mine the Strait of Hormuz or block it by bombing passing ships. This scenario would backfire and primarily harm China — the largest buyer of Gulf oil, which would lose 4 million barrels a day. Iran’s enemies — the Americans and Israelis — would be the ones to benefit because Beijing would adopt an angry stance toward Iran.
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cnbc.com
Iran's threat to close the Strait of Hormuz could deepen Tehran's isolation, experts say
The Straits are the only sea route from the Persian Gulf to the open ocean, and about 20% of the world's oil transits the waterway.
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bbc.com
What is the Strait of Hormuz and why does it matter?
Iran's threat to block the world's most vital oil transit point has raised fears of major global economic consequences.
