The Strait of Hormuz is not just an oil chokepoint It is the single point of failure of globalised production.Share this: OPEC+ announces symbolic oil output rise during Strait of Hormuz closureDateMay 3, 2026In relation toAl-JazeeraIran threatens Bab al-Mandeb closure: How would that affect world trade?DateApril 6, 2026In relation toAl-JazeeraCould Trump ‘take over’ the Strait of Hormuz as oil prices rise?DateMarch 10, 2026In relation toAl-Jazeera