Strait of Tension: Iran's Move to Close Hormuz Raises Questions About Global Trade Tehran's announcement that it will establish an "exclusion zone" outside the Strait of Hormuz, effectively closing off navigation through one of the world's most critical waterways, has sparked concerns about global trade.
The move is a stark reminder of the fragility of the international economic order. The Strait of Hormuz has long been a flashpoint in the Iran US conflict.
With over 20% of global oil exports passing through this narrow chokepoint, any disruption to trade has far reaching consequences for economies around the world.