The Strait of Hormuz is the world’s most critical oil chokepoint, and its uninterrupted flow is essential to global stability. Every day, approximately 21 million barrels of crude oil—roughly 21 per cent of global petroleum consumption—pass through this narrow waterway between Iran and Oman. To nickname it a “special international waterway” and treat it as […]

Millions of barrels of oil continued to flow through the Strait of Hormuz this weekend even after Iran claimed to have closed the waterway again.

Iran and the U.S. both threatened to tax ships crossing the world's most critical oil chokepoint — an action experts say violates international law.

NEW YORK — Ship traffic has picked up in the Strait of Hormuz since Iran and the U.S. signed an interim deal to end a war that constricted global o...

The Strait of Hormuz is the world’s most critical oil chokepoint, and its uninterrupted flow is essential to global stability. Every day, approximately 21 million barrels of crude…