What is the Strait of Hormuz and what could happen to oil prices if Iran shuts it down?

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What is the Strait of Hormuz and what could happen to oil prices if Iran shuts it down?

cbc.ca/news/world/iran-strait-hormuz-1.7568486

Washington's strikes on Iran stoked fears that Iran could retaliate by closing the Strait of Hormuz, a waterway between Iran and Oman through which around 20 per cent of the oil and gas consumed globally flows.

This story appeared on cbc.ca, 2025-06-23 20:34:09.