https://www.taxtmi.com/news?id=47376 The Strait of Hormuz is a critical energy security chokepoint conveying about one-fifth of global oil consumption to largely Asian markets; pipeline alternatives lack sufficient capacity, so seaborne flows have no practical replacement. A temporary closure would sharply raise prices and hit import-dependent economies, but Iran would also suffer lost exports and diplomatic costs, and analysts expect swift international military action to reopen the waterway. en-us Mon, 23 Jun 2025 22:31:03 +0530 Mon, 23 Jun 2025 22:31:03 +0530 TaxTMI RSS Generator https://www.taxtmi.com/news?id=47376 The Strait of Hormuz is a critical energy security chokepoint conveying about one-fifth of global oil consumption to largely Asian markets; pipeline alternatives lack sufficient capacity, so seaborne flows have no practical replacement. A temporary closure would sharply raise prices and hit import-dependent economies, but Iran would also suffer lost exports and diplomatic costs, and analysts expect swift international military action to reopen the waterway. News - Mon, 23 Jun 2025 22:31:03 +0530 https://www.taxtmi.com/news?id=47376