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Iran has responded after Donald Trump called on allies to help reopen the Strait of Hormuz.
They say all countries except the U.S. and Israel can pass through the narrow choke point unchallenged.
Roughly 20% of the global oil supply passes through the Strait of Hormuz, one of the world’s most critical energy routes. Any disruption there can quickly rattle global markets.
Oil prices have already surged amid fears that the escalating tensions in the region could disrupt global supply.Iran has responded after Donald Trump called on allies to help reopen the Strait of Hormuz. They say all countries except the U.S. and Israel can pass through the narrow choke point unchallenged. Roughly 20% of the global oil supply passes through the Strait of Hormuz, one of the world’s most critical energy routes. Any disruption there can quickly rattle global markets. Oil prices have already surged amid fears that the escalating tensions in the region could disrupt global supply.
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