The Strait of Hormuz, a crucial shipping lane for global oil and gas, connects the Persian Gulf with the Arabian Sea and is bordered by Iran and Oman. With over 25% of the world’s oil passing through it, the potential for Iranian disruptions—such as mining the channel or blockading it—poses a significant economic threat, though previous threats have not resulted in actual closures, partly due to the detrimental impact on Iran’s own economy.
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