Trump Teases Deal to Reopen Strait of Hormuz, But Likelihood Remains Unclear The Strait of Hormuz, a critical chokepoint for global energy trade, connects the Persian Gulf to the Gulf of Oman.
This narrow waterway funnels approximately 20% of all globally traded oil through its waters, including roughly 90% of all seaborne oil shipments from the Middle East.
President Trump's recent comments on reopening the Strait of Hormuz have sparked renewed speculation about a potential deal.