Strait of Tensions: Hormuz in the Crosshairs Again The latest escalation in the Iran US standoff has sent shockwaves through the global shipping industry, leaving many wondering what the future holds for the strategic waterway that connects one third of all oil traded worldwide.
US President Donald Trump's threat to "bomb the s out of" Oman, a key player in negotiations over Strait of Hormuz control, only adds fuel to the fire.
The attack on an unidentified vessel transiting outbound from the strait Tuesday morning is a stark reminder that tensions remain simmering just below the surface.