economy

What’s at stake with the Strait of Hormuz

Days into the war on Iran, oil tankers were bottlenecked in the Strait of Hormuz, sending up oil prices and threatening the global economy. CNN’s Gianna Toboni explains what this means for Americans – at the pump and beyond. For more deep-dives that break down complex topics, go to CNN Explains on the Watch page or on the CNN app.

What’s at stake with the Strait of Hormuz

TL;DR

  • War on Iran has caused oil tankers to bottleneck in the Strait of Hormuz.
  • Oil prices are increasing as a result of the bottleneck.
  • The global economy is under threat due to the situation.