The Strait of Hormuz, a critical maritime chokepoint for global oil supply, remains a focal point of heightened tensions amid ongoing conflicts involving Iran. Despite facing heavy losses, Iran asserts its control over the strait, announcing strict tolls for passage, reportedly $2 million per ship, and limiting access to non-enemy vessels. The strategic waterway, essential for the passage of oil that feeds 100 million people, has a long history of disruption and serves as a point of leverage against perceived threats from the US and Israel. Iran has stated it is open to negotiating safe passage in partnership with the UN but continues to establish a tight grip on the strait, leading to fears of a potential blockade. As the situation evolves, international shipping lanes remain under scrutiny, with reports of reduced traffic and ongoing maritime disruptions. Energy security concerns mount as nations assess the potential impacts on global oil supply amidst these geopolitical shifts.