Strait of Hormuz: A Powder Keg in a Global Economy The recent US military action against Iranian rocket launchers on the Strait of Hormuz is a stark reminder that the conflict between the two nations remains far from resolved.
Despite claims by the Trump administration that focus has shifted to economic pressure, the ongoing war has reached a boiling point, with both sides entrenched and unwilling to back down.
The Strait of Hormuz is a critical waterway, responsible for carrying 20% of the world's oil supply through its narrow passage.