Why Iran blocking the Strait of Hormuz affects the world
- Team TOI Plus
- TNNUpdated: Mar 02, 2026, 20:39 IST IST
As expected, after the war between Israel and US-Iran broke out, oil prices rose sharply on Monday (March 2) as traders estimated that the supply of oil from Iran and elsewhere in the Middle East would slow, or grind to a halt.
Since the conflict began with Israel and the US attacking Iran on February 28, Iran warned ships passing through the Strait of Hormuz that they would be targeted.
Since the conflict began with Israel and the US attacking Iran on February 28, Iran warned ships passing through the Strait of Hormuz that they would be targeted.
