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Why the Strait of Hormuz is so significant

Why the Strait of Hormuz is so significant

CNN4 hours ago

Why the Strait of Hormuz is so significant
As Iran threatens to disrupt and close the Strait of Hormuz, CNN's Nick Paton Walsh breaks down why this narrow passage is so important.
00:58 - Source: CNN
World leaders divided after US attack on Iran
The UN Security Council was deeply divided during an emergency session called after US military strikes on Iran's nuclear facilities.
01:27 - Source: CNN
Israel strikes Iran's Evin prison
The Israeli military attacked Iran's notorious Evin prison on Monday, according to Israel's defense minister and Iranian state news. Iran's state broadcaster IRIB published video of the entrance to the prison which has been geolocated by CNN.
00:21 - Source: CNN
CNN team witnesses Israeli strike on Tehran
Israeli airstrikes rocked the north of Tehran on Monday. CNN's Frederik Pleitgen shows the aftermath of the attack.
01:14 - Source: CNN
Iranians demonstrate against US strikes
US President Donald Trump's decision to launch direct strikes against Iranian nuclear sites has sparked a wave of anger in the country, with people on the streets of Tehran telling CNN they expect their country to strike back.
01:33 - Source: CNN
Satellite images show before and after US strikes in Iran
Iran's largest nuclear complex was dealt a series of severe blows in US strikes on Sunday, a CNN analysis of satellite imagery found. See the before and after images, provided by Maxar Technologies, showing the damage visible at three of Iran's nuclear facilities. Initial damage assessments to the three sites are ongoing, according to the UN's International Atomic Energy Agency.
00:54 - Source: CNN
'No one dirtier than Trump': Iranians react to US strikes
CNN's Fred Pleitgen is on the streets of Tehran, Iran's capital city, a day after US President Donald Trump confirmed he approved US strikes on Iran. Hear from residents in the city who say the strikes strengthen their support for Iranian leadership.
00:56 - Source: CNN
General describes moment US bomb was dropped on Iran
Chairman of the Joint Chiefs of Staff General Dan Caine detailed the moment US B2 bombers dropped Massive Ordnance Penetrator bombs on Iran's Fordow nuclear plant followed by Tomahawk missiles striking Isfahan. The strikes were announced Saturday by President Trump.
00:53 - Source: CNN
Hegseth says 'American deterrence is back'
US Defense Secretary Pete Hegseth addressed reporters during a Pentagon briefing Sunday morning following President Trump's weekend announcement of US strikes on Iran. Trump had said the US had struck Iranian nuclear sites including Fordow, Natanz, and Isfahan.
01:17 - Source: CNN
Iranian FM spokesperson: Trump administration betrayed diplomacy
Iranian Foreign Ministry Spokesperson Esmail Baghaei spoke exclusively to CNN's Fred Pleitgen in Iran after the US attacked three key nuclear facilities in the country. Baghaei said the US' actions were "unprecedentedly dangerous" and a "betrayal of diplomacy."
01:27 - Source: CNN
Here's what the US used to attack Iran
The US launched a significant military operation targeting Iran's nuclear facilities. CNN military analyst Cedric Leighton breaks down which weapons were deployed, including the Massive Ordnance Penetrator (MOP) for the first time in US combat history.
01:38 - Source: CNN
Iranian foreign minister responds to US strikes
The Iranian Foreign Minister Abbas Araghchi has condemned US strikes on the country's nuclear facilities. He said Iran continues to defend itself by all means necessary against US and Israeli military aggression, and that the US holds "full responsibility for the consequences of its actions."
01:12 - Source: CNN
CNN on blast site in Tel Aviv: 'A scene of complete devastation'
CNN International Diplomatic Editor Nic Robertson in Tel Aviv walks through destroyed apartment buildings after the site got hit by Iranian missile strikes in response to the US' attack.
01:21 - Source: CNN
Hear from Americans still trying to leave Israel
Commercial airlines have, for days now, halted all flights in and out of Israel due to the ongoing conflict with Iran. CNN spoke to multiple Americans in central Israel who are still struggling to leave the country.
01:05 - Source: CNN
Mahmoud Khalil met with cheers at airport in New Jersey
A crowd erupted into cheers for Mahmoud Khalil, his wife and child as they arrived at Newark Airport on Saturday following Khalil's released on bail from a Louisiana ICE detention center, more than three months after he was arrested outside his apartment on Columbia University's campus. CNN's Gloria Pazmino was at the airport for his arrival, which included the presence of Congresswoman Alexandria Ocasio-Cortez.
00:40 - Source: CNN
Eight die in hot air balloon accident in Brazil
A video posted to social media showed a hot air balloon catching fire in the sky before plummeting to the ground in Brazil. Eight of the 21 people on board died in the incident, according to the local governor.
00:23 - Source: CNN
Why Fareed Zakaria thinks Trump has 'FOMO' foreign policy
CNN's Fareed Zakaria analyzes what may be motivating President Trump's foreign policy: a fear of missing out.
00:44 - Source: CNN
Anderson Cooper reports from a bomb shelter in Israel
CNN's Anderson Cooper reports from a bomb shelter in the basement of a hotel in Tel Aviv as Iran fires another round of missiles at Israel.
01:13 - Source: CNN
Aftermath of Iranian strike on Haifa
CNN's Nic Robertson shows the aftermath of an Iranian strike on Haifa, Israel, less than an hour after it made impact. The strike wounded at least 17 people according to Israeli national emergency service MDA.
00:48 - Source: CNN
Iran's foreign minister responds to Trump's call for negotiations
After President Trump opened a two-week negotiating window before he decides whether to strike Iran, Iranian Foreign Minister Abbas Araghchi says the country is not seeking negotiations with the United States.
00:16 - Source: CNN
Iranian missile strikes major Israeli medical center
CNN's International Diplomatic Editor, Nic Robertson, reports from Beer Sheva, Israel, where a hospital was struck during an Iranian attack. Iran said it was targeting an Israeli intelligence and command center 'near a hospital.' There have been no reported deaths from the strike.
01:04 - Source: CNN
Israel's defense minister: Khamenei cannot 'continue to exist'
Israel's Defense Minister Israel Katz said Iran's Supreme Leader Ayatollah Ali Khamenei cannot be allowed to 'continue to exist,' after an Israeli hospital was struck by an Iranian missile on Thursday.
00:13 - Source: CNN
CNN correspondent reports on the ground in Tehran
Air defense systems had been activated over Tehran overnight, according to a Telegram post from Iran's Islamic Revolutionary Guard Corps. CNN's Fred Pleitgen reports on the scene.
01:41 - Source: CNN
CNN on the ground in Tehran
CNN's Fred Pleitgen is in Iran's capital city of Tehran and is the first western journalist to enter the country since its conflict with Israel started. Hear his first impressions and what he's witnessed as he journeyed across Iran.
01:28 - Source: CNN
Trump says decision on Iran will come down to the last second
CNN's Kaitlan Collins asks President Trump if he has made a final decision on whether to intervene in the Israel-Iran conflict.
01:12 - Source: CNN
This is how the US could get involved in the Israel-Iran conflict
CNN's Nick Paton Walsh reports on how the US could get involved in the conflict between Israel and Iran while the countries continue trading strikes for a sixth day, with civilians in flashpoint areas facing waves of attacks.
02:14 - Source: CNN
Trump open to assisting Israel in conflict with Iran
CNN's Kaitlan Collins gives the latest reporting on the White House debating whether to intervene in the Israel-Iran conflict.
00:58 - Source: CNN
Woman gives birth to triplets in underground Israeli hospital
A woman gave birth to triplets Monday in Israel's Rambam hospital, one of several in the country that have moved some operations underground as Iranian strikes hit the city of Haifa this week, according to Reuters.
00:44 - Source: CNN
What Iranian residents are texting to CNN as strikes hit
As Israeli strikes zeroed in on Iran's capital city of Tehran, CNN's Clarissa Ward reports from Tel Aviv some of the messages she's received from residents in Iran offering a glimpse into the daily anxieties of living in a country faced with an ever-escalating conflict in the sky.
01:33 - Source: CNN
Trump disputes intel chief Tulsi Gabbard on Iran
President Donald Trump disputed his own director of national intelligence, Tulsi Gabbard, on how developed Iran's nuclear capabilities are and said Iran was on the verge of obtaining a nuclear weapon when Israel struck in recent days.
00:26 - Source: CNN
Trump tells CNN reporter why he left G7
As President Donald Trump returns to the United States after leaving the G7 summit early, he took questions from journalists aboard Air Force One. Watch his answer to CNN's Chief White House correspondent Kaitlan Collins' question on why he left early.
00:44 - Source: CNN
Trump slams Macron's comment on why he had to leave G7 summit early
US President Donald Trump called out French President Emmanuel Macron over his counterpart's suggestion that he left the G7 summit to work on a ceasefire between Israel and Iran. "He has no idea why I am now on my way to Washington, but it certainly has nothing to do with a Cease Fire," Trump wrote on Truth Social.
00:35 - Source: CNN
Kaitlan Collins explains why Trump left G7 summit early
President Donald Trump is heading back early to Washington from the G7 summit in Canada, as the conflict between Israel and Iran enters its fifth day. CNN's Kaitlan Collins reports on the escalating attacks between the two sides and Trump's warning to civilians in Tehran.
00:55 - Source: CNN
Ex-Israeli Defense Minister's message to Trump
Benny Gantz, Chairman of Israel's National Unity Party, and the former Minister of Defense speaks to CNN's Anderson Cooper following Israel's attack on Iran.
01:08 - Source: CNN
Video shows Pakistani students returning home from Tehran
Hundreds of Pakistani students who left their studies in Tehran amid daily strikes on the city by Israel, have crossed back into Pakistan, a local official told CNN.
00:28 - Source: CNN
CNN team sees strike damage in Tel Aviv
Residents in Tel Aviv, Israel, are reeling after another round of Iranian strikes on the city overnight. CNN's International Diplomatic Editor Nic Robertson visits a street in the center of the city where buildings were severely damaged and windows blown out by Iranian missiles.
01:28 - Source: CNN
What we know about Iran's key nuclear site
It's key to Iran's nuclear program: the Fordow plant - in a mountain lair where hundreds of centrifuges, hidden possibly 90 meters underground, enrich uranium to 60%. CNN's Nick Paton Walsh explains what we know about the key site in Israel's crosshairs.
01:00 - Source: CNN

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The dollar sees a rebound after US strikes Iran, but can it continue?
The dollar sees a rebound after US strikes Iran, but can it continue?

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The dollar sees a rebound after US strikes Iran, but can it continue?

The dollar rose on Monday as uncertainty over the Israel Iran conflict persisted following US strikes on Iranian nuclear facilities over the weekend. By around 2.45 CEST, the Dollar Index had risen 0.61% in daily trading to 99.31. Over the month, it showed a 0.19% increase, although its year-to-date value was still down almost 9%, failing to win back losses linked to erratic policies from the Trump administration. US President Donald Trump said that the weekend strikes had caused 'monumental damage', although some Iranian officials downplayed the impact. The full extent of the damage could not immediately be determined by the UN's nuclear watchdog. Israel — meanwhile — continued with its strikes on Iran on Monday, while Tehran vowed that it would 'never surrender to bullying and oppression'. Several nations warned Iran against a retaliatory closure of the Strait of Hormuz, a shipping lane responsible for around 20% of global oil and gas flows. 'In this morning's trading session, the dollar staged an expected rebound. The demonstration of US military strength, as well as the fear of higher oil prices, weakened the euro,' said ING economists in a note. Higher oil prices would likely drive up inflation and discourage the US Federal Reserve from cutting rates in the near future. This would spell bad news for US consumers but would simultaneously increase the dollar's attractiveness to investors. 'Looking ahead, one of the key questions is whether US involvement in the conflict could restore the dollar's safe-haven appeal. Here, a crucial factor will be the duration of any potential Strait of Hormuz blockade. The longer such a blockade lasts, the higher the likelihood that the value of safe-haven alternatives like the euro and yen is eroded, and the dollar can enjoy a decent recovery,' said ING economists. Related Is Trump destroying the dollar - and what does it mean for the euro? Energy in Europe is also at stake as Israel-Iran conflict escalates The greenback's value has dropped significantly this year as policies from the Trump administration have spooked investors, damaging the currency's status as a safe-haven asset. Signals worrying investors are not solely linked to trade policy, but also include a high US deficit, the cost-slashing bureau DOGE, sudden cuts to foreign aid, withdrawals from international treaties, and the prospect of financial deregulation. Greg Hirt, chief investment officer with Allianz Global Investors, told Euronews that 'structural issues around a twin deficit and the Trump administration's volatile handling of tariffs should continue to weigh on an overvalued US dollar'. Even so, he noted that the 'short term potential for higher oil prices will likely affect the Chinese and European economies to a greater extent, as they are more dependent on oil imports than the US'. Ryan Sweet, chief US economist at Oxford Economics, reiterated this point, noting that 'the US economy is essentially energy independent but others are not, including Japan as it imports most of its oil from the Middle East'. Sweet told Euronews that dollar gains are positive but still muted as 'currency markets are in a wait and see mode'. There is also significant uncertainty around President Trump's tariff deadline, with a 90-day pause on so-called 'reciprocal' duties set to expire on 9 July.

Qatar Suspends Air Traffic; US, UK Urge Citizens to Shelter
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Qatar Suspends Air Traffic; US, UK Urge Citizens to Shelter

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