Iran-US Tensions: How Strait of Hormuz blockade could ripple through global oil and gas supplies | Explained

A sliver of sea no wider than a city commute carries the lifeblood of the global economy. When friction rises between Iran and the United States, that sliver, the Strait of Hormuz, becomes the world’s most watched waterway. Tensions have sharpened as the USS Gerald R Ford, the US Navy’s largest nuclear-powered aircraft carrier, sails towards the Gulf as part of one of Washington’s biggest regional military deployments since the 2003 invasion of Iraq. Tehran has responded with its own signals. This month, Iranian authorities temporarily closed sections of the strait for live-fire drills, a pointed reminder of how swiftly…