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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. This is why Iran can exert a virtual chokehold on oil shipping.

March 27 () - The United Nations said on Friday it was setting up a task force ‌to design a mechanism to keep trade flowing ‌through the Strait of Hormuz, warning that disruptions caused by the ​Iran war risked greater food shortages and humanitarian crises worldwide.

U.S. Secretary of State Marco Rubio joined his counterparts from the G7 just 24 hours after Trump's latest round of insults lobbed at NATO and as instability in oil markets persisted with the Iran war entering its fourth week.

President Donald Trump is toying with renaming one of the world’s most critical shipping routes after—who else—himself. Speaking at an investor forum in Miami on Friday night, Trump casually referred to the Strait of Hormuz as the “Strait of Trump,

For centuries, an Omani exclave has been defined by a peculiar duality: rugged isolation and proximity to one of the world’s most important trade routes.

March 27 (Reuters) - The United Arab Emirates has told the U.S. and other Western allies it would participate in a multinational maritime taskforce to reopen the Strait of Hormuz, the Financial Times reported on Friday,

When President Trump first authorized strikes against Iran, some European leaders distanced themselves from the U.S., saying it was not their war. A month later, more allies are changing their tune. At a diplomatic summit in France on Friday,