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Strait of Hormuz Conflict - Full Coverage

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Mar 12, 2026 World Politics

Trump: Iranian Ships Sunk in Hormuz, Route Safe

1Trump announced the sinking of 28 Iranian mine-laying ships in the Hormuz Strait.

2He emphasized safe passage for tankers, stating no mines were likely deployed.

3Concerns grow over surging oil prices and logistics due to Middle East tensions.

Mar 23, 2026 World Economy

1Iran blocked the Hormuz Strait but may allow only Japanese ships to pass [1.5].

2The US warned Iran to open the strait immediately, peaking military tensions.

3S. Korea relies on it for 70% of oil imports; a long closure will spike prices.