Summary

**Summary:** Iran has the potential to block the Strait of Hormuz, a key waterway through which a large portion of the world's ship-transported oil travels. Recent actions by Israel and the U.S. towards Iran have heightened concerns about this possibility and its global impact. The program also examines how insurance could provide insight into these tensions in the Middle East. **Key Facts:** - The Strait of Hormuz is a narrow passage where almost 25% of the world's ship-transported oil passes. - Recent military actions from Israel and the U.S. have increased tensions affecting this route. - Blocking the Strait could have significant impacts on global oil supply and prices. - The discussion explores what consequences might arise if Iran closes off this passage. - Insurance responses to risks in the region may offer clues about rising tensions. - The program is part of NPR's "The Indicator from Planet Money" series, which airs on multiple platforms.