New warning claims global economy could suffer if the Strait of Hormuz closes
When people talk about global choke points, few places carry the weight of the Strait of Hormuz. This narrow stretch of water between Iran and Oman handles an enormous share of the world’s oil and natural gas shipments. Tankers leaving major producers like Saudi Arabia, Iraq, and Kuwait pass through it every day. When tensions rise in the region, economists and security analysts pay…
