Paris, France, March 2, 2026 (AFP) - Strait of Hormuz impasse squeezes world shipping

NAMPA / AFP

2026-03-03

With few captains willing to brave the Strait of Hormuz as war rages around the Gulf, companies will have to do business without one of the world's most vital shipping lanes, especially for oil and gas. - What is the strait's importance to world markets? - The strait is especially key to the world energy markets, with around 20 percent of global seaborne oil passing through. That said, analysts believe that cutting off access, as Iran has thre......

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