Iran Says Deal Is Close on Strait of Hormuz; Trump Dismisses Munitions Shortage Reports The Strait of Hormuz, a 21 mile wide waterway connecting the Gulf to the Indian Ocean, has been at the center of a diplomatic stalemate between Iran and several world powers, including the United States.
The deal's significance cannot be overstated, as it directly impacts global energy security.
The Strait's narrowest point is through which approximately one third of the world's oil tankers pass, carrying crude from major producers such as Saudi Arabia and Iraq to markets in Asia.