Oil shipping has largely paused in the Strait of Hormuz that links the oil-rich Persian Gulf to the open seas after the U.S. and Israel bombed Iran, with Iranian media saying the waterway is "practically closed.” https://www.japantimes.co.jp/business/2026/03/01/economy/hormuz-iran-shut-shipping/?utm_medium=Social&utm_source=mastodon #business #economy #iran #trade #shipping #energy #oil #straitofhormuz #us #middleeast
