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Iran war turns Strait of Hormuz into global economic pressure point
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AzerNews - News from Azerbaijan, Business, Energy, Analysis
5 August 2026 20:24 (UTC+04:00)Ulviyya Poladova Read moreThe US and Israeli war with Iran that erupted on February 28 did not begin suddenly.
In June 2025, the US began bombing Iranian nuclear facilities.
However, Iran rejects this information, stating that it is conducting negotiations with Oman regarding navigation in the Strait of Hormuz.
In recent months, the Strait of Hormuz has remained the main stumbling block in diplomatic efforts between the two sides.
Any serious disruption therefore affects not only Iran and the Gulf states but also global energy prices, inflation and economic growth.