Threats and Bluster in the Strait of Hormuz The latest incident in the ongoing escalation between the US and Iran has seen a tanker caught in the crossfire off the coast of Oman, highlighting the vulnerability of global shipping routes in times of conflict.
The Strait of Hormuz is a critical chokepoint for oil and natural gas trade, accounting for nearly one fifth of all such transactions during peacetime.
Iran's Foreign Minister Abbas Araghchi has warned that his country will not resume negotiations with the US if threats continue to emanate from Washington.