133 stories found
A US Army helicopter crashed near the Strait of Hormuz, but President Donald Trump confirmed that the pilots are safe. The incident occurred without reported casualties.
The United States launched new attacks on Iranian targets near Hormuz, which Iran retaliated by striking an American military base. This exchange of attacks occurred after the US rejected reports of a Hormuz agreement and imposed additional sanctions on Iran.
Der er meldinger om, at en våbenhvile i Iran og en åbning af Hormuzstrædet kan være på trapperne. Men samtidig har USA angrebet mål i det sydlige Iran. Følg udviklingen her.
The United Arab Emirates is accelerating its planned oil pipeline project designed to bypass the disputed Strait of Hormuz. According to the country's sheikh, the pipeline will double oil exports.
Mærsk fik mulighed for at få et containerskib ud af det krigsplagede Hormuzstrædet, fordi amerikanerne stillede op med en hidtil uset militær beskyttelse.
President Trump announced a pause in the US operation to escort ships through the Strait of Hormuz, citing 'great progress' made on a deal with Iran. This decision aims to facilitate efforts to de-escalate tensions and end the conflict.
A Maersk cargo vessel successfully navigated the Strait of Hormuz, accompanied by US military forces, amid heightened tensions in the region. Multiple sources confirmed the safe passage of the ship and its crew.
President Trump announced that the United States would begin an operation, sometimes called 'Project Freedom,' to guide or escort ships through the Strait of Hormuz. This move aims to address shipping disruptions in the vital waterway and has drawn a warning from Iran.
US Pentagon chief Pete Hegseth stated that the naval blockade of Iranian ports has taken on global dimensions and urged European nations to contribute to efforts in the Strait of Hormuz. Iran is accused of continuing to lay mines in the strait, while the US considers attacks on Iranian defenses in the area.
President Trump issued an order for the US Navy to "shoot and kill" any Iranian boats found laying mines in the Strait of Hormuz. This directive came amidst heightened tensions and efforts to ensure the strait remains open.
The Strait of Hormuz holds significant strategic importance, as approximately one-fifth of the world's oil supply flows through this narrow passage.
The United States seized an Iranian vessel near the Strait of Hormuz, prompting Tehran to vow retaliation and further escalating tensions in the critical waterway. This incident occurred ahead of planned peace talks, which Iran is reportedly considering boycotting due to US demands.
Iran vil ifølge parlamentsformand holde Hormuzstrædet lukket, indtil USA ophæver blokaden af iranske havne.
The European Union is considering strengthening its naval presence in the Middle East, particularly in the Strait of Hormuz, to ensure free passage through the vital waterway. Discussions include the willingness to deploy a fleet and the practicalities of such an operation.
Hormuzstrædet har stor strategisk betydning. En femtedel af verdens olie flyder gennem det smalle stræde.
Despite the continued closure of the Strait of Hormuz, peace negotiations have led to a positive reaction in the stock market, though investor expectations may not always align with reality.
The International Monetary Fund has lowered its global growth forecast and issued a warning about a potential worldwide recession. This outlook is largely attributed to the escalating conflict in the Middle East and its impact on energy markets.
A federal judge dismissed Donald Trump’s defamation lawsuit against The Wall Street Journal, Rupert Murdoch and others, ruling that the president’s claim fails to “adequately allege actual malice.”…
The United Nations has launched an initiative to ensure the safe passage of fertilizer ships through the Strait of Hormuz, aiming to prevent a global food crisis caused by shortages.
Artemis II's astronauts closed out humanity's first lunar voyage in more than half a century, the run-up to Hungary's crucial election and artist drawings of US President Donald Trump's planned…
US Iran war talks LIVE: “We go back to the United States having not come to an agreement,” Vance told reporters in Islamabad early Sunday, adding that Washington had clearly laid out its position, saying, Iran has "chosen not to accept our terms.”
Pakistani Defense Chief Set the Internet on Fire: 'Israel is evil, and those who created that cancerous state may burn in hell'
Hvis olietankerne nu begynder at sejle gennem Hormuzstrædet igen, kan danske boligejere og virksomheder ånde lettet op, vurderer økonomer.
Guten Morgen am 8. April 2026. Hier sind die wichtigsten Nachrichten zum Start in den Tag.
Presidenti Donald Trump tha se Shtetet e Bashkuara janë në “negociata të nxehta” mbi luftën me Iranin, duke refuzuar të jepte detaje mbi bisedimet.
Is it feasible to reopen the Strait of Hormuz with ‘defensive measures’?: Global Times editorial Global Times
Iran has effectively shut down the Strait of Hormuz in retaliation for U.S.-Israeli strikes, prompting the international community, including a 60-nation meeting, to call for its reopening and unimpeded transit. Ukraine's President Zelenskyy has offered expertise on keeping waterways open, while Iran reportedly prepares to implement tolls and works with Oman on an alternative route.
Global stock markets, including major Indian indices like Sensex and Nifty, experienced a significant rally, with Sensex jumping nearly 1900 points, driven by investor optimism and hopes for a swift resolution to the Middle East conflict following comments from Trump about leaving Iran soon.
The ongoing conflict, now described as a widening war, continues to drive up global oil and fuel prices, with oil settling near a 4-year high, leading to an 'energy shock' and potentially moving the oil market into demand destruction mode.
US top diplomat Marco Rubio has called for the G7 to build a coalition to confront Iran's potential restriction of the Strait of Hormuz, as Washington and Tehran express a desire to end the ongoing conflict. The conflict's economic impact is being felt globally, with oil revenue boosting Russia's growth and European officials assessing financial stability, while the strategic importance of the Strait of Hormuz remains a key factor.
The Iran war continues to cause a global energy shock, driving fuel prices up and shaking the world economy, with Asia looking to COVID-era playbooks to tackle the crisis from the Strait of Hormuz blockage. Daily life in Asia is disrupted by the fuel crisis, and poor countries face catastrophe as the global economy pays a high price for the conflict.
NATO chief Mark Rutte expressed confidence that the Strait of Hormuz, largely closed during the Iran war, will eventually reopen, despite ongoing regional tensions.
The Netherlands has said it is ready to join other countries to protect ships passing through the Strait of Hormuz,...
Danish shipping companies express skepticism about Donald Trump's proposal for military escorts in the Strait of Hormuz, doubting its effectiveness given Iran's closure of the waterway, as European allies continue to reject immediate military action.
Nato skal være med til at sikre sejladsen i Hormuzstrædet, mener Donald Trump. Europæernes svar er et tvetydigt »njaa«.
EU countries do not want to change the mandate of the Aspides naval mission so that it can operate in the Strait of Hormuz.
Δεν υπάρχει ζήτημα εμπλοκής της Ελλάδας σε επιχείρηση στα Στενά του Ορμούζ, ξεκαθάρισε ο κυβερνητικός εκπρόσωπος Παύλος Μαρινάκης, κατά την ενημέρωση των πολιτικών συντακτών. Π.
Air cargo prices are skyrocketing due to disruptions in key shipping lanes caused by the ongoing conflict in the Middle East. This has forced many carriers to reroute their vessels, leading to longer transit times and increased operational costs, which are then passed on to consumers.
Iran's Deputy Foreign Minister Majid Takht-Ravanchi stated that the country has allowed vessels from 'some countries' to pass through the Strait of Hormuz, despite earlier threats of closure.
All crew members are safe after a container ship was hit by fragments from a projectile.
Ο πρόεδρος των ΗΠΑ, Ντόναλντ Τραμπ, προειδοποίησε το Ιράν να μην προχωρήσει σε ναρκοθέτηση των Στενών του Ορμούζ, ειδάλλως θα υπάρξουν σοβαρές στρατιωτικές συνέπειες. Ο Τραμπ προειδοποιεί για σοβαρές…
The Strait of Hormuz holds immense strategic importance as a vital waterway through which one-fifth of the world's oil and natural gas flows, highlighting its critical role in global energy trade.
US President Donald Trump said Tuesday that the US Navy will escort tankers through the Strait of Hormuz "if necessary," amid growing concerns about the impact of the US-Israel conflict with Iran on oil shipments in the strategically vital waterway. Trump made the remarks in a social media post as the US military operation against Iran, codenamed "Operation Epic Fury," entered its fourth day, deepening worries about disruptions to shipping along the strait, which is responsible for about one-fif
Her er dit overblik om dag fire i krigen mellem USA, Israel og Iran. Er hele verdens olie-livsnerve lukket? Vi har ikke svaret, men Iran siger åbent, at Hormuzstrædet skal lukkes.
The Tehran regime decides to block the world's largest crude oil crossroads, but other OPEC countries are ready to compensate with an increase in production
The US military intercepted several Iranian missiles and drones reportedly launched towards Kuwait and Bahrain, marking renewed mutual attacks in the Gulf region. This comes amidst escalating tensions between the US and Iran.
Reports of a potential deal to reopen the Strait of Hormuz and withdraw US forces were met with conflicting statements from Iran and the US, with the White House calling Iranian claims of an agreement a "fabrication." Meanwhile, the US delivered its first KC-46 aircraft to Israel, enhancing its capabilities for potential independent strikes on Iran.
The Iranian national football team has relocated its FIFA World Cup training camp from the United States to Mexico. This decision comes amid reported visa and security concerns, as well as ongoing diplomatic tensions between the US and Iran.
A commercial vessel was seized by unknown assailants off the coast of Fujairah in the United Arab Emirates and subsequently diverted towards Iranian waters. The incident has raised concerns about maritime security in the Gulf of Oman.
France has deployed an aircraft carrier and presented proposals to the US and Iran for an international mission in the Strait of Hormuz. President Macron also condemned "unjustified strikes against several ships" to the Iranian president amidst the ongoing Middle East crisis.
The US has launched "Project Freedom" to ensure navigation in the Strait of Hormuz, with Pentagon chief Hegseth stating the US will provide overwatch for peaceful vessels and denying Iran's control over the strait. This comes amidst rising tensions and threats from President Trump, while the Pentagon insists a ceasefire with Iran still holds.
The Strait of Hormuz experienced escalating tensions as the US Navy escorted commercial ships and issued warnings to Iran, which asserted its control over the waterway and traded claims of missile strikes. This military activity and rhetoric raised global concerns about shipping safety and oil prices.
Experts suggest that economic incentives, rather than military force, could create long-term stability for the opening of the Strait of Hormuz, which has revealed the fragility of the global energy system.
At high speed and with tracking equipment turned off, a convoy of ships from Maersk's competitor MSC tried to escape the otherwise closed Strait of Hormuz.
UK lawmakers have approved a landmark bill that will make it illegal for anyone born after January 1, 2009, to buy tobacco products, effectively phasing out smoking for future generations. The legislation aims to create a 'smoke-free generation' by raising the legal smoking age by one year, every year.
A security firm issued a warning to shipping companies about fraudulent messages offering safe transit through the Strait of Hormuz. These scam messages attempt to solicit payments for non-existent protection services.
Flere skibe melder om beskydning i Hormuzstrædet. Samtidig forsøger USA og Iran at forhandle en aftale på plads. Følg udviklingen her.
Iran reportedly closed or reimposed control over the Strait of Hormuz, accusing the United States of breaching terms or imposing a blockade. This action led to reports of ships being affected and prompted international reactions, though some reports later indicated the strait returned to its previous state.
The US Navy continues to enforce a blockade in the Strait of Hormuz, prompting Iran to threaten its closure in response. US forces are actively targeting Iran's ports and coastline amid the ongoing Iran war.
Danish Prime Minister Mette Frederiksen is participating in a conference focused on developing a plan to ensure the opening of the Strait of Hormuz. The summit aims to address the critical issue of access through the vital shipping lane.
Israel and Lebanon held rare direct talks in Washington, D.C., agreeing to begin negotiations on their disputed land and maritime borders. These discussions mark the first direct engagement between the two nations since 1993.
A Chinese oil tanker, subject to US sanctions, successfully traversed the Strait of Hormuz, reportedly breaching the US-imposed blockade. This incident has sparked debate over the blockade's effectiveness and legality, drawing criticism from Iran.
After US-Iran negotiations collapsed in Islamabad, President Trump ordered a naval blockade of the Strait of Hormuz, threatening to eliminate Iranian ships approaching the blockade zone. NATO allies refused to join, and oil markets surged on supply fears.
Storbritannien og Frankrig vil lede nye forhandlinger, som skal forsøge at få genåbnet Hormuzstrædet.
Donald Trump miał przekazać sekretarzowi generalnemu NATO Markowi Ruttemu, że oczekuje konkretnych deklaracji dotyczących wsparcia militarnego, jakiego europejskie państwa Sojuszu mogą udzielić USA w…
Iran og USA er enige om en midlertidig våbenhvile på to uger, hvor USA vil indstille angrebene på Iran, og Iran vil åbne Hormuzstrædet. I dag indleder Iran og USA fredsforhandlinger i Islamabad.
Hvis Iran begynder at opkræve betaling for at sejle gennem Hormuzstrædet, er der første gang i over 150 år, at skibe skal betale for at sejle gennem et naturligt farvand.
The blue tremors and the institutional Nikos D., the day's measures for minors on social media, the Hungarians in Fourlis, Fessas' deal in Energy
From New York to Los Angeles, drivers say they’re driving less, skipping trips and adjusting budgets as gas prices rise.
The most critical night of the war: 'It will happen tonight,' says Trump - Iran distributes iodine pills fearing nuclear attack
Trump har igen sat en ny deadline for Irans åbning af Hormuzstrædet. Denne gang kan den ende med at tvinge ham til at eskalere krigen yderligere.
Bloomberg.com provides a full broadcast of Donald Trump's speech concerning the ongoing conflict with Iran.
Florida Governor Ron DeSantis has signed a bill that would rename the Palm Beach airport after Donald Trump. The decision follows Florida's approval last year of a plan to donate land in downtown Miami for Trump's presidential library, with the airport renaming requiring FAA approval and administrative procedures.
Iran has granted permission for 20 Pakistani-flagged ships to pass through the Strait of Hormuz, with Pakistan calling it a 'meaningful step toward peace' as some countries confirm passage and others await.
The Middle East conflict continues to fuel inflation and impact global economies, leading to growing doubt among UK shoppers and prompting governments like India and Albania to implement measures such as export duties, reduced excise taxes, and price board meetings to stabilize fuel prices. Spanish families are also saving more amidst rising inflation, while European fund managers advise on investment strategies to mitigate risks.
The ongoing Iranian blockade of the Strait of Hormuz continues to severely impact global energy markets, with Kuwait warning of a catastrophic economic domino effect. Iran's Foreign Minister and Ministry of Foreign Affairs have stated that the Strait remains open to ships from nations not backing US-Israeli aggression, communicating this to the UN. The tightened global fuel supply is particularly affecting Asian nations and causing shortages for fuel retailers in Kenya, leading to increased reliance on coal and raising concerns about potential plane groundings, as European Commission President Ursula von der Leyen highlights a 'critical energy situation.'
Gen. Dan Caine said the United States had destroyed 44 mine-laying Iranian vessels, thus deterring Iran's capabilities to mine the strait.
Analyse: Tirsdag sagde Trump igen, at han er skuffet over NATO, men det får ikke europæerne til at sende skibe mod Hormuzstrædet.
US President Donald Trump has criticized Western allies for their 'ingratitude' after several countries, including Finland, Germany, Spain, and Italy, rebuffed his demand to send warships to escort oil tankers through the Strait of Hormuz, as Iran continues to target oil facilities in the Gulf. Europe faces a strategic dilemma regarding its involvement in the Middle East conflict.
U.S. President Donald Trump stated that several countries are prepared to assist efforts to restore shipping traffic through the Strait of Hormuz, even as European nations have largely rejected his calls for a naval coalition and sought diplomatic solutions.
Bruno Cardoso Reis considers that the crisis in the Strait of Hormuz exposes US planning flaws. He adds that it leaves Europe in a delicate position: pressured to act, but without a clear strategy.
Former EU foreign policy chief Josep Borrell has sharply criticized European Commission President Ursula von der Leyen, accusing her of being 'systematically favorable' to the United States and Israel and warning that Europe is suffering the consequences of these decisions.
Krigen i Mellemøsten er nu på dag 14. Omkostningerne for krigen vokser, mens der kommer modstridende meldinger om Hormuzstrædet. Desuden spekuleres der i den nye ayatollahs helbred.
Skibe under norsk flag har fået et forbud mod at sejle ind i Hormuzstrædet.
Skibstrafikken gennem Hormuzstrædet er så godt som indstillet. Ti Mærsk-skibe er fanget, siger topchef.
Statsministerens løfte om formueskat får kritik af eksperter, samtidig truer en lukning af Hormuzstrædet med at ramme verdens økonomi og energipriser, og så tager Berlingskes gastronomiredaktør…
Flere olietankere er i brand i Hormuzstrædet. Hundredvis af skibe er fanget i kø uden at vide, hvornår den vigtige sejlrute åbner igen. Store danske rederier holder vejret.
Iran took the risky gambit of closing the Strait of Hormuz, which could backfire and hurt its own economy. France 24's Yuka Royer speaks with Iranian-Austrian economist Mahdi Ghodsi from the Vienna…
Satellite images show damage at Iranian military base, and marine tracking data shows slowing of oil tanker movement around the Strait of Hormuz.
Reports indicate that the United States and Iran have reached a framework agreement for a 60-day ceasefire, potentially involving the reopening of the Strait of Hormuz, but the deal is awaiting final approval from President Trump. While some sources confirm a memorandum of understanding, Tehran has denied the reports, and traders remain skeptical about a broader nuclear deal this year.
Der er meldinger om, at en våbenhvile i Iran og en åbning af Hormuzstrædet kan være på trapperne. Men tirsdag angreb USA mål i det sydlige Iran. Følg udviklingen her.
Iran is reportedly consolidating its control over the Strait of Hormuz, claiming authority over waters south of a UAE port. The country is implementing a system of permits, inspections, and fees for vessels passing through the strategic waterway.
US and Iranian forces exchanged fire in the Strait of Hormuz, leading to accusations of ceasefire violations from both sides. This escalation intensified tensions in the region and caused oil prices to jump.
Donald Trump's endorsed candidates secured significant victories in the recent Indiana and Ohio primary elections, demonstrating his continued influence and control over the Republican Party. These results underscore Trump's ability to shape electoral outcomes and the party's direction.
USA har bragt skibsfarten i fare med blokader og brud på våbenhvilen, skriver Irans parlamentsformand.
A South Korean-run vessel was hit by an explosion and fire in the Strait of Hormuz, prompting Seoul to confirm an attack and raising regional tensions. The incident led to the US escorting merchant ships and rejecting Iranian claims of missile strikes on its warships, while also urging China to press Iran on opening the strait.
En våbenhvile, der fortsat ledsages af luftangreb og stigende dødstal, spænder ben for Trumps diplomati og forlænger krisen om Hormuzstrædet, siger fredsforsker Isabel Bramsen.
The situation at the Strait of Hormuz is described as neither war nor peace, with observers suggesting it cannot continue. Iranians are unlikely to make the concessions demanded by Trump, potentially
Military planners and officials from approximately 30 countries convened in London to discuss strategies for securing and potentially reopening the Strait of Hormuz. The talks focused on protecting maritime traffic and the future of the critical waterway.
Kallas issued a warning to Iran, stating that the Strait of Hormuz must remain open for ships without payment, urging Iran to abandon any thoughts of imposing fees.
A US delegation is set to travel to Pakistan for a new round of negotiations with Iran, as Tehran maintains that a final deal is still distant and continues to assert its leverage over the Strait of Hormuz. Iran also claims to be replenishing missile launchers faster than before.
President Trump issued an ultimatum to Iran, threatening renewed bombing if a deal isn't reached by Wednesday, while Iran rejected his claims and reiterated threats to close the Strait of Hormuz if US blockades persist. European nations are also exploring options to secure shipping in the strait.
European nations, led by France and the UK, are planning a multinational naval mission to secure the Strait of Hormuz. This initiative aims to ensure safe passage through the vital waterway, with Italy also expressing openness to contribute.
Norges eksport af råolie lød i marts måned på 57,4 milliarder norske kroner, hvilket er ny rekord for landet.
Following initial discussions, Israel and Lebanon agreed to continue direct negotiations, a development the US described as a "historic milestone." Both nations committed to further talks aimed at resolving their disputed maritime and land borders.
Forhandlingerne mellem USA og Iran kollapsede i weekenden. Mandag har USA indledt en blokade af Hormuzstrædet, der skal forhindre Iran i et sælge olie. Følg udviklingen her.
US, Indonesia discussing proposal allowing US military overflight in Indonesian airspace, defence ministry says The Straits Times
Forhandlingerne mellem USA og Iran kollapsede i weekenden. Mandag indleder USA en blokade af Hormuzstrædet, der skal forhindre Iran i et sælge olie. Følg udviklingen her.
US Vice President JD Vance says talks with Iran ended after 21 hours without reaching agreement 毎日新聞
The Strait of Hormuz remains closed, and fighting in Lebanon is straining the ceasefire, while the US and Iran aim to begin their first talks.
Oil Prices in the North Sea Soar, Showing Supply Is Tight Despite Iran Ceasefire Bloomberg.com
Le président américain a aussi menacé d’appliquer des droits de douane de 50% sur tous les pays qui fourniraient des armes à l’Iran.
Tehran has offered a ceasefire framework as U.S. President Donald Trump agrees to temporary halt in military offensives against Iran.
Today's Iran war news: Trump has committed to a deadline and demands, which Iran is rejecting, Iran has vowed to match his threat of apocalyptic damage.
Energy Secretary Sharon Garin stated that Iran's agreement to grant safe passage for Philippine-bound energy supplies through the Strait of Hormuz is a government 'risk management' strategy to secure the country's oil supply.
US President Donald Trump delivered a primetime address on the Iran conflict, asserting that US forces are close to achieving their objectives and defending strikes on nuclear sites, while also threatening escalation but suggesting the war's end is near.
Iran's Parliament Security Committee has approved a plan to impose tolls on vessels passing through the strategic Strait of Hormuz, a measure that also includes considering a ban on American and Israeli ships from using the vital waterway, with the plan now advancing.
Russian drone attacks targeted civilian infrastructure in Ukrainian cities, including Odesa and Kryvyi Rih, resulting in at least three deaths and 13 injuries, with reports of damage to residential buildings and a maternity hospital.
Donald Trump has extended a deadline for a strike threat by 10 days and paused attacks on Iran’s energy sector, giving Iranians ten more days to open the Strait of Hormuz, leading to a fall in oil prices. Meanwhile, Israel reportedly assassinated Iranian regime leaders involved in the Strait of Hormuz blockade.
President Donald Trump has reiterated his 48-hour ultimatum to Iran to reopen the Strait of Hormuz, threatening to 'obliterate' its power plants and energy infrastructure. Tehran has warned it will respond with attacks on U.S. and Israeli energy targets if its facilities are targeted and stated the strait is open to all except "enemy" ships.
Energisektoren er blevet en vigtig og meget farlig del af krigen i Mellemøsten, selv om den seneste melding om »passende indsatser« i Hormuzstrædet mest af alt er strategisk smart, siger ekspert.
The UAE has revealed the names of civilians killed in Iranian aggression, mourning a Palestinian woman hit by a missile. China has offered support to the UAE in a Beijing meeting, following Gulf states' responses to Iranian drones and missiles over their cities.
Ifølge britisk organisation er der sket et angreb på et ukendt tankskib nær Hormuzstrædet.
The UAE has ordered the arrest of 35 individuals, including 19 Indians, for allegedly spreading fabricated videos and misinformation online amid escalating regional tensions. Authorities stated these actions aimed to incite panic and undermine stability by circulating real and AI-generated clips of missile interceptions and glorifying hostile states. The accused face expedited trials.
The EU is actively debating options for the Strait of Hormuz, including expanding its naval mission and exploring a UN-backed 'grain corridor' model proposed by Kaja Kallas, while US President Donald Trump continues to warn NATO allies of a 'very grim future' if they do not contribute ships to secure the waterway, a stance met with varied responses from European nations.
Irans udenrigsministerium siger ifølge iransk medie, at mange skibe stadig kan passere Hormuzstrædet.
Oliepriserne eksploderer, og EUs energiafhængighed bliver brutalt afsløret. Hvorfor har Europa og Danmark ikke lært af oliekriserne for 50 år siden?
The US Justice Department published additional FBI documents describing interviews with a woman who said President Donald Trump sexually assaulted her after she was introduced to him by Jeffrey Epstein.
Selv under Iran-Irak-krigen i 1980erne forblev Hormuzstrædet åbent. Men nu er det vigtige stræde for første gang i historien lukket. Mere end 1.000 skibe venter på at sejle igennem.
Ships sailing through the Strait of Hormuz risk being hit by missiles, reports Iran's Revolutionary Guard.
Amid the ongoing crisis in Iran, a key question has emerged regarding the status of the Strait of Hormuz, specifically whether it remains open or has been closed.
Major global shipping companies have already announced the suspension of using the Strait of Hormuz. One-fifth of the world's oil production could be at stake.