US and Iran vie for Strait of Hormuz, waterway key to global energy supplies, in latest attacks
- Posted on July 13, 2026
- By Business News Today
- 1 Views
- 1 min read
Tensions escalate in the Persian Gulf as the United States and Iran intensify their military posturing over the strategically critical Strait of Hormuz, a chokepoint responsible for nearly one-third of global maritime oil trade. Recent US military strikes targeting Iranian defense infrastructure have prompted retaliatory threats, destabilizing regional security and jeopardizing international efforts to de-escalate Middle East conflicts. This volatile situation poses significant risks to energy markets and global economic stability.
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