Trump said the US would attack Iran's power plants if it didn't reopen the Strait of Hormuz in 48 hours. Iran responded on Sunday with is own threats.

You can't deny the reality that it's not good for a Republican Party already in an uphill climb to win in the midterms.

A fifth of the world’s oil is shipped out of the Gulf through the Strait of Hormuz, but the war with Iran means it’s effectively closed.

Bank of America and Standard Chartered on Monday raised their 2026 oil price forecasts, citing a prolonged supply shock from the shutdown ​of the Strait of Hormuz and the likelihood of a long‑tail disruption to global ‌energy markets.

Popular Florida family theme park closes down for new development The Strait of Hormuz crisis has driven oil prices to four-year highs, disrupting global energy supplies. Rising fuel and fertilizer costs are pushing gas and grocery prices significantly higher for consumers.

Iran's critical location and its arsenal of drones and missiles are a challenge. Its stranglehold on the Strait has rattled global oil markets.

The Strait of Hormuz is easy to miss on a world map, a narrow ribbon of water squeezed between Iran and Oman, but it carries an outsized share of the world’s oil and gas. Every day, tankers thread through designated “highways” on the water here,

Moscow rushed to load crude onto tankers to take advantage of soaring oil prices triggered by Iran’s effective closure of the Strait of Hormuz, and a US tariff waiver that permits buyers to purchase those barrels without fear of sanctions.