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A satellite image of marine traffic passing through the Strait of Hormuz as on January 9, 2020.

How the Strait of Hormuz, a narrow stretch of water where ships carry $1.2 billion of oil every day, is at the heart of spiraling tensions with Iran

Iran could exact its revenge on the US and its allies by shutting or harassing tankers in the strait, which would heavily disrupt oil markets.
People gather at the funeral of the Iranian Major-General Qassem Soleimani, top commander of the elite Quds Force of the Revolutionary Guards, and the Iraqi militia commander Abu Mahdi al-Muhandis, who were killed in an air strike at Baghdad airport, in Baghdad, Iraq, January 4, 2020.

An Iranian military commander says there are ’35 vital American positions in the region’ which they can strike in response to top general&...

The potential targets include US ships stationed near Iran, as well as cities in Israel, one of America's closest allies.
An AH-1Z Viper attached to Marine Medium Tiltrotor Squadron (VMM) 163 (Reinforced), 11th Marine Expeditionary Unit (MEU) takes off during a strait transit aboard the amphibious assault ship USS Boxer (LHD 4)

US Marines sailed through the Strait of Hormuz with an armored vehicle on the flattop’s flight deck, ready to fight off Iranian gunboats

The Marines have been experimenting with parking armored vehicles on the amphibious flight decks to better confront threats in hostile waterways.

Iran is reportedly jamming ship GPS navigation systems to get them to wander into Iranian waters

Ships report "GPS interference, bridge-to-bridge communications spoofing, and/or other communications jamming with little to no warning," the US military says.
The British-flagged Stena Impero oil tanker, which was seized by Iran's Revolutionary Guard Corps earlier this month.

Britain rejects swapping seized oil tankers with Iran, 4 days after Prime Minister Boris Johnson’s father said it would be ‘easy peasyR...

Britain still has an Iranian oil tanker accused of violating EU sanctions, and Iran still has a British oil tanker that it seized in retaliation.
The BW Elm in Likoni, eastern Kenya, in February 2019.

A bold British tanker ignored the government’s warnings and traveled through the Strait of Hormuz, just days after another UK ship was captured ...

The BW Elm traversed the Strait of Hormuz on Tuesday and Wednesday, even though the UK warned ships to avoid the waterway amid tensions with Iran.

Iran’s best weapon in the new tanker wars against the US and UK is looking more and more like a dud

US Energy Secretary Rick Perry said Iran couldn't raise oil prices that much, even if it was able to shut down a key passage for oil tankers.
The Stena Impero, a British-flagged vessel owned by Stena Bulk

‘If you obey, you will be safe.’ Iran released dramatic video of its forces seizing a British tanker and the crew it interrogated

The crew of Britain's Stena Impero is safe and in good health, Iran insists, but the company has been unable to contact them.
U.S. President Trump participates in Apollo 11 50th anniversary event at the White House in Washington

The UK reportedly told Trump not to threaten Iran while it negotiates for the release of tanker hostages

The UK government has asked President Donald Trump to play it cool and avoid escalating a tense standoff with Iran.

Oil is surging as traders brace for the UK’s response to Iran’s seizure of a British-flagged oil tanker

"Investors need to carefully watch the developments in Strait of Hormuz," one analyst wrote, as a fifth of global oil supply passes through it.