Close Menu
    Facebook X (Twitter) Instagram
    TRENDING :
    • All 55 European Football Federations Voted to Boycott FIFA
    • The Service Business That Wins AI Search Does These 3 Things
    • The Growth Trap Founders Fall Into When Every Opportunity Looks Too Good to Ignore
    • Market Talk – July 30, 2026
    • That cringey LinkedIn post? You can now report it as ‘AI slop’
    • 5 Ways the Sales Funnel Broke (and How AI is Replacing It)
    • JetZero Lands $3 Billion Deal to Build Blended-Wing Aircraft
    • How This Colorful, High-Energy Drink Chain Is Disrupting Coffee
    Compatriot Chronicle
    • Home
    • US Politics
    • World Politics
    • Economy
    • Business
    • Headline News
    Compatriot Chronicle
    Home»Business»The Strait of Hormuz has been weaponized before. A look at past disruptions to the critical oil waterway
    Business

    The Strait of Hormuz has been weaponized before. A look at past disruptions to the critical oil waterway

    March 19, 20265 Mins Read
    Share Facebook Twitter Pinterest LinkedIn Tumblr Telegram Email Copy Link
    Follow Us
    Google News Flipboard
    Share
    Facebook Twitter LinkedIn Pinterest Email

    The U.S. and Israel’s war with Iran has thrust the Strait of Hormuz once again into the crosshairs of a geopolitical conflict.
    Iran has ground to a halt nearly all traffic in the waterway that connects the Persian Gulf to the rest of the globe’s oceans, shutting down a critical path for the world’s flow of oil. Attacks on commercial ships and threats of further strikes have stopped nearly all tankers from carrying oil, gas and other goods through the passage. That’s also led to cuts from some of the world’s largest producers, because their crude has nowhere to go.
    This is hardly the first time the Strait of Hormuz has been weaponized. Ship seizures and past fighting in the region have raised alarm for commercial ships, at times severely disrupting their ability to sail through. Iran has also repeatedly threatened to close the strait in response to sanctions and other tensions over the years, but stopped short of cutting off traffic entirely. Even with the bulk of traffic halted amid the current war, dozens of vessels have still managed to cross the waterway, according to maritime and trade data platforms.
    While Iran and Oman both have territory in the Strait of Hormuz, its narrow shipping channels are viewed as international waters through which all ships can travel. Still, Tehran holds significant influence over the passage through its nearby military presence and control of key islands in the area.
    The latest clash, now in its third week after the U.S. and Israel launched strikes on Iran and killed its supreme leader, has resulted in major consequences for energy markets: Roughly a fifth of the world’s oil traveled through the Strait of Hormuz before the war, and strains on supply have sent fuel prices soaring.
    Here are some others instances when traffic in the Strait of Hormuz has been disrupted or threatened.

    1980s: Iran-Iraq ‘Tanker War’

    During a deadly, 8-year-long war between Iran and Iraq in the 1980s, both sides attacked tankers and other vessels in and nearby the Strait of Hormuz, using naval mines to shut down traffic at points. The U.S. also got involved in the so-called Tanker War — with the Navy even fighting a one-day battle against Iran in 1988, and later shooting down an Iranian commercial airliner that it mistook for a fighter jet, killing 290 people.
    The strait didn’t close completely. And during the war, U.S. ships also escorted Kuwaiti oil tankers to protect them against Iranian attacks. Still, the passageway became incredibly dangerous and shipping was disrupted.

    2011–2012: Iran threatens closure during nuclear sanctions

    At the end of 2011 and into 2012, Iran threatened to close the Strait of Hormuz in response to new sanctions from the West over its nuclear development program. The European Union began enforcing a ban on purchases of Iranian oil — and the U.S. similarly targeted the country’s energy sector while also barring transactions with Iran’s central bank. That later prompted other countries to buy less Iranian oil.
    But Iran walked back some of those threats, and its government did not end up closing the Strait of Hormuz. Still, the turbulence and shifts in supply brought swings in oil prices. Brent crude — the international standard — was trading above $100 in December 2011 and for much 2012, peaking at more than $126 per barrel in March 2012, before cooling some later in the year.

    2018: More closure threats after US withdraws from nuclear accord

    In May 2018, during his first term in office, U.S. President Donald Trump withdrew from an Obama-era nuclear accord with Iran and began to restore sanctions. Despite some waivers, Trump vowed to eventually cut off all Iranian oil exports. In response, then-Iranian President Hassan Rouhani repeated threats to close the Strait of Hormuz.
    But again, Iran did not end up closing the strait. And despite some volatility throughout the year, with particular production pressure on OPEC producers, Brent ended the year trading at nearly $54 a barrel, down from about $75 a barrel when Trump declared the U.S. would be withdrawing in May 2018.

    2019-2025: Ship seizures and attacks

    The U.S. Navy blamed Iran for a series of limpet mine attacks on vessels near the strait that damaged tankers in 2019, as well as for a fatal drone attack on an Israeli-linked oil tanker in 2021. Tehran denied involvement at the time.
    Regardless, such hostilities strained insurance rates and raised fears for shipping companies.
    Meanwhile, Iran seized a handful of vessels in the waterway, including several foreign oil tankers it alleged were carrying smuggled fuel at the end of just last year, per state media. The country also captured a Portuguese-flagged cargo ship in 2024 and took two Greek tankers and held them for months in 2022, among other seizures. The strait nonetheless remained open throughout.

    June 2025: 12-day war between Israel and Iran

    Fears about a possible Strait of Hormuz closure also piled up during last year’s 12-day war between Israel and Iran, particularly after the U.S. entered the conflict with bombings on three Iranian nuclear and military sites.
    But Iran did not close the strait, and oil didn’t see lasting price surges. Despite prices jumping some in the early days of the conflict, oil actually saw a notable sell-off as traders doubted the likelihood of attacks on crude shipments. By the war’s end, Brent was trading below $67 a barrel, a few dollars less than it was beforehand.

    —Wyatte Grantham-Philips, AP Business Writer



    Source link

    Share. Facebook Twitter Pinterest LinkedIn Tumblr Email

    Related Posts

    All 55 European Football Federations Voted to Boycott FIFA

    July 30, 2026

    The Service Business That Wins AI Search Does These 3 Things

    July 30, 2026

    The Growth Trap Founders Fall Into When Every Opportunity Looks Too Good to Ignore

    July 30, 2026
    Top News

    Inside the heated subreddit where AI-generated art is celebrated over ‘pencil slop’

    By Staff WriterFebruary 28, 2026

    One of generative AI’s earliest applications remains among its most controversial: AI art. Its proponents…

    WATCH: Speedboat Said To Be Carrying Venezuelan ‘Narcoterrorists’ In Caribbean Destroyed On Trump’s Order

    September 3, 2025

    President Donald Trump Wants to Cancel Quarterly Reporting

    September 16, 2025

    Design history, as told through 125 objects

    July 13, 2026
    Top Trending

    All 55 European Football Federations Voted to Boycott FIFA

    By Staff WriterJuly 30, 2026

    Last week, FIFA announced plans to sell a $20 billion stake in…

    The Service Business That Wins AI Search Does These 3 Things

    By Staff WriterJuly 30, 2026

    Opinions expressed by Entrepreneur contributors are their own. Key Takeaways Answer the…

    The Growth Trap Founders Fall Into When Every Opportunity Looks Too Good to Ignore

    By Staff WriterJuly 30, 2026

    Opinions expressed by Entrepreneur contributors are their own. Key Takeaways Founders are…

    Categories
    • Business
    • Economy
    • Headline News
    • Top News
    • US Politics
    • World Politics
    About us

    The Populist Bulletin serves as a beacon for the populist movement, which champions the interests of ordinary citizens over the agendas of the powerful and entrenched elitists. Rooted in the belief that the voices of everyday workers, families, and communities are often drowned out by powerful people and institutions, it delivers straightforward, unfiltered, compelling, relatable stories that resonate with the values of the American public.

    The Populist Bulletin was founded with a fervent commitment to inform, inspire, empower and spark meaningful conversations about the economy, business, politics, inequality, government accountability and overreach, globalization, and the preservation of American cultural heritage.

    The site offers a dynamic mix of investigative journalism, opinion editorials, and viral content that amplify populist sentiments and deliver stories that echo the concerns of everyday Americans while boldly challenging mainstream narratives that serve the privileged few.

    Top Picks

    All 55 European Football Federations Voted to Boycott FIFA

    July 30, 2026

    The Service Business That Wins AI Search Does These 3 Things

    July 30, 2026

    The Growth Trap Founders Fall Into When Every Opportunity Looks Too Good to Ignore

    July 30, 2026
    Categories
    • Business
    • Economy
    • Headline News
    • Top News
    • US Politics
    • World Politics
    Copyright © 2025 Populist Bulletin. All Rights Reserved.

    Type above and press Enter to search. Press Esc to cancel.