Supreme leader vows to block Hormuz
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The Strait of Hormuz, a vital waterway used to carry shipments of oil to countries around the world, is a point of contention amid the U.S.-Iran War.
With fuel and freight prices skyrocketing as war chokes the Strait of Hormuz, the Panama Canal is seeing more business than usual.
The vessels targeted in Wednesday's late-night attacks in the Gulf near Iraq were the Marshall Islands-flagged Safesea Vishnu and the Malta-flagged Zefyros, which had loaded fuel cargoes in Iraq, two Iraqi port officials said.
The U.S. said it had destroyed 16 Iranian mine-laying ships amid fears Tehran could deploy hundreds of mines to effectively booby-trap the critical shipping lane.
Roughly 20% of global liquefied natural gas flows through the Strait.
A map shows current ship traffic in the Strait of Hormuz provided by MarineTraffic on March 5, 2026, with different icons showcasing the type of cargo that ships are carrying. Pho
Hopes for quickly reviving trade through the strait are dimming without U.S. naval escorts as Iran steps up attacks.
Saudi Arabia’s East-West pipeline and the UAE's Abu Dhabi Crude Oil Pipeline are thought to be able to help partially offset the Strait of Hormuz blockage.