Middle East Business World

Strait of Hormuz Remains Blocked

Strait of Hormuz Remains Blocked

The ongoing blockade of the Strait of Hormuz continues to stifle global energy supplies and drive up fuel prices worldwide.

Iran has suggested it may charge 'tolls' for safe passage, a move the U.S. and its allies have rejected as illegal.

Military analysts remain skeptical of Iran's claims regarding the extent of the mine threat, suggesting it may be a coercive tactic to maintain leverage.

Meanwhile, European airports have warned of a 'systemic' jet fuel shortage if the strategic shipping lane does not reopen within weeks.