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Strait between the Persian Gulf and Gulf of Oman
The Strait of Hormuz is a waterway between the Persian Gulf and the Gulf of Oman. On the north coast lies Iran, and on the south coast lies the Musandam Peninsula under the Musandam Governorate of Oman, with a portion of the southwest of the peninsula under the United Arab Emirates (UAE). The strait is about 104 miles long, with a width varying from about 60 mi to 24 mi.
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Iran says the Strait of Hormuz will remain closed until the U.S. meets conditions from the interim agreement the two countries reached in Islamabad back in June. During the U.N. General Assembly, Tehran offered to restore normal shipping through the strait within seven days if its demands are met. Iran says it will…
Crude exports bypassing Hormuz surged in September, yet oil prices remain high. Could a secret fee be the reason?