What is the Strait of Hormuz, could it factor into Israel-Iran conflict? | International Trade News

EXPLAINER

Iranian lawmaker says Tehran considering closing waterway, described as ‘world’s most important oil transit chokepoint’.

Iran is considering closing the Strait of Hormuz, Iranian news agency IRINN has reported, citing key conservative lawmaker Esmail Kosari, as the conflict with Israel intensifies.

The move would send oil prices soaring and risk expanding the war. So what is the strategic waterway and why is it vital to global trade?

Hormuz is the only marine entryway into the…