What is the Strait of Hormuz — and why one-fifth of global oil is at risk as Iran threatens closure

Strait Of Hormuz News

What is the Strait of Hormuz — and why one-fifth of global oil is at risk as Iran threatens closure
OilIranIran-Israel War
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TEHRAN, June 23 — Iran’s top security body must make the final decision on whether to close the Strait of Hormuz, Iranian TV said yesterday, after parliament reportedly backed...

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Want a great start to your day? Head to Kelana Jaya’s Nam Gor Hainan Kopitiam for this Chinese style ‘nasi lemak’A map showing the Strait of Hormuz and Iran is seen behind a 3D printed oil pipeline in this illustration taken June 22, 2025.

Opec members Saudi Arabia, Iran, the United Arab Emirates, Kuwait and Iraq export most of their crude via the strait, mainly to Asia. The UAE and Saudi Arabia have sought to find other routes to bypass the strait. While Western countries were the main buyers of crude produced by the Arab countries at the time, nowadays Asia is the main buyer of Opec’s crude.

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