About 25 percent of the world’s oil and liquefied natural gas usually passes through the waterway which is being blocked by Tehran.
Breakdown
- Gulf council accuses Iran of charging fees for Strait of Hormuz passage
- Strait handles 20-25% of global oil and gas shipments 8s
- Iran reportedly blockaded the waterway after conflict escalation 14s
- Fees up to $2 million per voyage reportedly demanded 57s
- Boudaoui is first top official to make this accusation 1m 1s
See The Full Story

Middle East Conflict
The U.S-brokered ceasefire deal in Gaza is holding, after Hamas released the remaining Israeli hostages.