Energy Security

Iranian retaliation more likely in Red Sea than Strait of Hormuz, analysts say

Closing the Strait of Hormuz would have a massive impact on global oil markets

Roughly a third of the world's seaborn crude oil passes through the Strait of Hormuz daily.
Roughly a third of the world's seaborn crude oil passes through the Strait of Hormuz daily.Photo: NASA
TradeWinds correspondentOslo
Published 13 June 2025, 10:54Updated 13 June 2025, 10:55
Israel-Iran tensionIranIsraelUnited StatesMiddle East