global-economy
Day 38 of the Strait of Hormuz Blockade: The Intersection of Trump’s Deadline and Ceasefire Negotiations
A panoramic view of the Strait of Hormuz. Situated between Iran and Oman and spanning approximately 34 km in width, this waterway is a critical energy corridor through which roughly 20% of the world's crude oil supply passes. A de facto blockade has persisted following the US-Israel airstrikes on Iran on February 28, 2026.
A panoramic view of the Strait of Hormuz. Situated between Iran and Oman and spanning approximately 34 km in width, this waterway is a critical energy corridor through which roughly 20% of the world's crude oil supply passes. A de facto blockade has persisted following the US-Israel airstrikes on Iran on February 28, 2026.
A panoramic view of the Strait of Hormuz. Situated between Iran and Oman and spanning approximately 34 km in width, this waterway is a critical energy corridor through which roughly 20% of the world's crude oil supply passes. A de facto blockade has persisted following the US-Israel airstrikes on Iran on February 28, 2026. [Photo = Korea Business Review DB] On April 7, marking the 38th day since the commencement of US-Israel military operations against Iran, diplomatic tensions surrounding the blockade of the Strait of Hormuz have reached their highest level. President Trump has set a deadline stating that if Iran does not fully open the strait by 8 PM Eastern Time that day, he will strike power plants and bridges within Iran. Iran has maintained its position that it will not accept this deadline. At the same time, diplomatic channels are active as Pakistan has presented a mediation prop…
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