Strait of Hormuz

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Uncertainty around Iran leads to choppy oil prices
Mark Felix/AFP via Getty Images
Around 20% of the world's oil passes through the Strait of Hormuz, off the coast of Iran. Oil prices are higher today because of how a potential U.S. intervention could limit oil supply.
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What if the U.S. stopped protecting the Strait of Hormuz?
NORBERT SCHILLER/AFP/Getty Images
It wouldn’t change much at the pump — at least here at home.
Tensions in Middle East affecting oil prices
Oil prices are on the rise today, in part because of news out of Syria. But there are also bigger picture problems to worry about.
Europe’s oil standoff
As part of the effort to prevent Tehran from developing its nuclear weapons program, the EU unites on imposing sanctions against Iran.
Iranian oil: To ban or not to ban?
The European Union has threatened to embargo oil from Iran. Iran snapped back, saying if that happens, it won't let any oil ships pass through the Strait of Hormuz. How might this affect Europe and the U.S.?
Blocking Strait of Hormuz would affect gas prices immediately
Iran has threatened to block the strait if President Obama signs a bill to impose sanctions to keep it from making nuclear weapons. The impact on oil prices worldwide would be major and immediate.