Explained: Why is Strait of Hormuz a vital global oil route
Updated : May 15, 2019 09:15 AM IST
Reports that commercial ships have become targets of alleged sabotage near the Strait of Hormuz have focused new attention on the region as tensions have risen.
Since President Donald Trump pulled the US out of the 2015 Iran nuclear deal, Iranian President Hassan Rouhani and others in Tehran have reinvigorated a long-made threat that the Islamic Republic could close off the strait.
US forces routinely travel through the strait, despite sometimes-tense encounters with Iran's Revolutionary Guard, a paramilitary force answerable only to Supreme Leader Ayatollah Ali Khamenei.
Have you signed up for Primo, our daily newsletter?It has all the stories and data on the market, business, economy and tech that you need to know.
THANK YOU! You made our day. See you every morningYOUR EMAIL IS ON ITS WAY. Check your inbox for future updates.
To keep watching CNBC-TV18, India's No. 1 English Business News Channel, call your Cable or DTH Operator and subscribe now for just Rs. 4 per month. You can also subscribe to CNBC-TV18 Prime HD for Re 1/- per month.Find out more