Reopening vital oil choke point Strait of Hormuz is a big challenge
PARIS (AP) — Gasoline prices are rising largely because of the Iran war’s impact on the Strait of Hormuz, a crucial passageway for oil and gas from the Persian Gulf. The waterway off Iran’s coast, now effectively closed, is so vital for the global economy that governments are working on blueprints to speedily reopen it to shipping when the shooting stops. In Europe, French President Emmanuel Macron is leading an international effort to unblock the energy choke point, so that oil, gas and goods could flow freely again “when circumstances permit.” He envisions countries using ...