Trump's threats and Iran's response have led to the effective closure of the Strait of Hormuz, a critical energy corridor through which approximately one-fifth of global oil
Rising oil prices pose a significant threat to the global economy, with experts warning of a potential recession.
If the Strait of Hormuz closes, it would disrupt approximately one-fifth of global oil and gas supplies and could lead to a surge in oil prices, potentially reaching $150 to $200 per b
