Strait Of Hormuz Remains Focal Point In Iran-U.S. War

MUSCAT, OMAN - MARCH 25: Locals take photos of two bulk carriers anchored at Muscat Anchorage on March 25, 2026 in Muscat, Oman. Maritime traffic through the Strait of Hormuz, which conveys about 20% of the world's oil and gas, has mostly come to a halt after the joint U.S.-Israeli war with Iran that began on February 28. Iran, in a defiant reply to a ceasefire proposal from the United States, has claimed that sovereignty over the Strait of Hormuz "is its natural and legal right." Under international law, the strait is a shared waterway and no country has sole legal authority over it. (Photo by Elke Scholiers/Getty Images)