How US-Israel attacks on Iran threaten the Strait of Hormuz, oil markets About 20-30 percent of global oil and gas supplies are shipped through the Strait of Hormuz.Share this: Black smoke pours from oil tanker near Strait of HormuzDateMarch 1, 2026In relation toAl-JazeeraIran-US tensions: What would blocking Strait of Hormuz mean for oil, LNG?DateFebruary 22, 2026In relation toAl-JazeeraIran launches naval drills ahead of US nuclear talksDateFebruary 16, 2026In relation toAl-Jazeera