Could Iran-US tensions mean troubled waters ahead in the Strait of Hormuz?

Soaring tensions between Iran and the United States have reignited fears that the Strait of Hormuz could become a flashpoint as Tehran responds to the killing of its top general.

Oil prices climbed on news of the fatal airstrike, reflecting concern that any fallout could disrupt shipping in the narrow seaway through which 21% of the world’s crude oil passes.

Meanwhile, the U.S. Maritime Administration issued an alertover potential Iranian action against “maritime interests in the region” and the U.K. announced that the Royal Navy would resume escorting vessels through the Strait of Hormuz as a precaution. Continue reading.