Strait of Hormuz Crisis: World’s Critical Oil Chokepoint at the Center of a Geopolitical Storm
The U.S. bombed Iranian nuclear sites at Fordow, Natanz, and Isfahan on June 22, prompting Iran’s parliament to vote to close the Strait of Hormuz. Brent crude jumped 10% to $77 per barrel as the strait, which handles about 20% of global oil and gas flows, faces disruption. The U.S. warned Iran against blocking the waterway and urged China to intervene. Military patrols and diplomatic efforts continue amid rising tensions.