Hormuz

American  

[hawr-mooz, hawr-muhz] / hɔrˈmuz, ˈhɔr mʌz /

noun

1. Strait of, a strait between Iran and the United Arab Emirates, connecting the Persian Gulf and the Gulf of Oman.

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Hormuz British  

/ ˈhɔːmʌz, hɔːˈmuːz /

noun

1. an island off the SE coast of Iran, in the Strait of Hormuz : ruins of the ancient city of Hormuz, a major trading centre in the Middle Ages. Area: about 41 sq km (16 sq miles)

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Example Sentences

“While the military attacks are themselves supportive for oil prices, the key factor here is the closing of the Strait of Hormuz” and the risk of a ”prolonged outage” of this key passageway, Ajay Parmar, director of energy and refining at ICIS, told Reuters.

From MarketWatch

Saudi Arabia’s stepping up capacity use on its East-West pipeline is helping, but “the real test for oil prices will be when and if tankers/ships start crossing the Strait of Hormuz safely,” BOK Financial’s Dennis Kissler says in a note.

From The Wall Street Journal

However, “the reality as of today is that the Strait of Hormuz remains effectively shut, halting 10 million-11 million barrels a day of crude flows, and upstream shut-ins continue to rise, now exceeding 6 million barrels a day.”

From The Wall Street Journal

Although non-Iranian tanker traffic through the Strait of Hormuz has started to recover, it remains well below levels from late last month, according to data from LSEG.

From MarketWatch

The head of Saudi Arabia's state-owned Aramco energy giant, president and CEO Amin H. Nasser, warned the war could have "catastrophic consequences" on oil markets and said it was "absolutely critical" that oil shipping resumes in the Strait of Hormuz.

From Barron's