Updated
Updated · The Wall Street Journal · May 4
US to introduce UN resolution condemning Iran over Strait of Hormuz actions
Updated
Updated · The Wall Street Journal · May 4

US to introduce UN resolution condemning Iran over Strait of Hormuz actions

8 articles · Updated · The Wall Street Journal · May 4
  • US ambassador Mike Waltz said Monday the measure, co-drafted with Middle Eastern partners, targets Iranian mine-laying and attempts to charge shipping tolls in the international waterway.
  • Waltz said the resolution aims to establish that no country can mine international waterways or use them as a revenue source.
  • He declined to say whether Iran's attacks on vessels in the strait and in the United Arab Emirates breached the ceasefire with the United States, saying the White House would decide.
Will the U.S. Navy's 'Project Freedom' reopen the Strait of Hormuz or ignite an even larger, more destructive regional war?
If Iran successfully controls the Strait of Hormuz, which of the world's other vital shipping lanes could be threatened next?
With oil prices doubled and millions facing hunger, how close is the Hormuz crisis to pushing the world into a global recession?

Strait of Hormuz Blockade Cuts 20% of Global Oil and 35% of Fertilizer Trade, Sparking Food Security Crisis

Overview

In early 2026, the U.S. and Israel launched military strikes that killed Iran's Supreme Leader, prompting Iran to appoint his son and retaliate by closing the Strait of Hormuz, a vital route for over 20% of global oil and a third of fertilizer shipments. This blockade, combined with a U.S. naval counter-blockade, caused a near-total shutdown of the strait, driving oil prices up 50% and triggering a fertilizer shortage that threatens global food security, especially in vulnerable regions. Diplomatic efforts at the UN have been blocked by Russia and China, while military tensions escalate with threats and a U.S. military buildup. A fragile ceasefire and conditional reopening offer hope, but a prolonged stalemate risks worsening a global humanitarian and economic crisis.

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