The Strait of Hormuz is a crucial maritime passage for oil and gas exports, with significant implications for global trade and energy security. Recent tensions following attacks on Iran have raised concerns about potential Iranian blockades, which could disrupt oil flow and drive prices up. Analysts warn that such a closure would have severe economic repercussions, particularly for Europe and China, while benefiting the US and UK. Despite threats, experts suggest that Iran has much to lose by closing the strait, and any disruption would be challenging due to various regional dynamics. Teljes cikk (Euronews.com)