The Iranian parliament backed a move to close a major oil and gas route, after American airstrikes in the country.

The Strait of Hormuz is one of the world's busiest shipping lanes, so any disruption would hit the energy markets hard.

Iranian officials have threatened to mine the waterway, which is a key shipping route for oil and gas. One way that Iran could potentially retaliate for the American strikes on three of its nuclear ...

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