From the perspective of the global oil economy, there are few places as strategically important as the Strait of Hormuz.

Iran has a number of options to disrupt ships moving through the Strait of Hormuz-the route for 40% of the world’s tanker traffic–and send oil prices soaring. Tanker owners and veteran captains who ha

The Iranian Parliament on Sunday approved a measure to close the Strait of Hormuz after the United States bombed three nuclear sites in Iran. The strait, located between Iran and Oman, remains a