The Strait of Hormuz has been effectively closed for almost four weeks – throwing global oil markets into chaos – and there is no clear end in sight.
Iran’s threats and attacks on vessels in the Gulf have raised the risk of transit enough to stop almost all traffic through the narrow waterway, which is the main conduit for about 20% of the world’s oil and natural gas, plus fertilizers that help grow crops the world relies on.
As the energy crisis deepens, US President Donald Trump has touted diplomatic efforts to end the blockade, while also moving to deploy thousands more troops to the Middle East and looking into possible US Navy escorts for oil tankers.
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