Despite Iran's repeated threats to close the Strait of Hormuz, a vital chokepoint for global oil, analysts believe an actual shutdown is unlikely, viewing it as a diplomatic tactic. Global oil markets are prepared for potential disruptions,

As the conflict between Israel and Iran intensifies, speculation is rising about whether the Iranians will close the Strait of Hormuz, which is critical to the world’s oil production. Two ocean tankers crashed into each other and burst into flames near the strait early Tuesday morning amid reports of electronic interference caused by Israel and

The Strait of Hormuz, a crucial passage for a significant portion of the world's oil and gas supply, remains open despite Iran's threats of closure. Analysts suggest such threats serve as diplomatic tools,