Global energy prices already rising as Iran threatens strategic Strait closure
Iran’s threat to block the strait has already sent shock waves through trade and transport sectors, with broader consequences expected if the regime follows through
A map showing the Strait of Hormuz and Iran is seen behind a 3D printed oil pipeline in this illustration taken June 22, 2025(photo credit: REUTERS/DADO RUVIC)ByKEREN SETTON/THE MEDIA LINE