The Strait of Hormuz matters enormously because it channels roughly one‑fifth to one‑quarter of the world's oil supply, serving as a critical artery for global energy markets—with international navigation already affected by Iran's proxy Houthi group disruptions in the Red Sea.

The Strait of Hormuz is one of the world's busiest shipping lanes, so any disruption would hit the energy markets hard.

The Middle East crisis continues to escalate and a decision to close the strait of Hormuz is a dangerous moment.