Iran conflict risks Strait of Hormuz standstill and sparks talk of $100-a-barrel oil

Reports indicate Iran’s military is not allowing passage through the crucial waterway connecting the Persian Gulf and the Gulf of Oman. But there appears not to have been a formal closure announcement.

​Reports indicate Iran’s military is not allowing passage through the crucial waterway connecting the Persian Gulf and the Gulf of Oman. But there appears not to have been a formal closure announcement.