U. S.
Carries Out More Iran Strikes as Threats to Oil Trade Deepen The United States' 12th consecutive night of strikes against Iran serves as a stark reminder that the crisis in the Strait of Hormuz has reached a boiling point, with far reaching implications for global oil markets and regional stability.
The strait, which connects the Persian Gulf to the world's oceans, is a critical waterway through which approximately one fifth of global oil supplies pass.