Washington D.C. The Strait of Hormuz has been effectively blockaded for nearly four weeks since the joint attack by the United States and Israel on Iran, causing significant volatility in the global oil market. As approximately 20 percent of the world's oil and natural gas passes through this route, its disruption has deepened the energy crisis.The Strait of Hormuz is the main artery for supplies heading to the global market from the Gulf region. Essential materials for fuel and fertilizer production are also supplied through this route. The near-stoppage of this passage has raised concerns about impacts not only on...