Iran Insists Strait of Hormuz Will Stay Closed Until Trump Agrees to Demands
Strait of Hormuz has been used as a bargaining chip between the U.S. and Iran. International Energy Agency warns global oil stockpiles are dwindling. US and Iran have been at odds over control of the waterway for more than a year. The U.N. Security Council has passed a resolution calling for the Strait to be reopened.