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US Secretary of State Marco Rubio on Sunday called on China to encourage Iran to not shut down the Strait of Hormuz after Washington carried out strikes on Iranian nuclear sites.
US Secretary of State Marco Rubio has called on China to prevent Iran from closing the Strait of Hormuz, which is one of the world’s most important shipping routes.
The Strait of Hormuz also brings 25% of ammonia, 20% of DAP, 10% of MAP and 30% of sulfur global exports. Taylor says an important factor would be the timing.
REUTERS Tue, July 1, 2025 at 7:06 PM PDT 4 min read A map showing the Strait of Hormuz and Iran is seen in this illustration taken June 22, 2025. (photo credit: REUTERS/DADO RUVIC/ILLUSTRATION) ...
It appears that Iran was not very close to trying to block shipping through the Strait of Hormuz. That’s what Edward L. Morse, Senior Advisor and Commodities Strategist at Hartree Partners LP ...
The Strait of Hormuz lies between Oman and Iran and links the Persian Gulf with the Gulf of Oman to the south and the Arabian Sea beyond.