What is the Strait of Hormuz – and why does it matter to global trade?

Iran is threatening to close the Strait of Hormuz, the world’s busiest oil shipping channel, in retaliation for the US strikes on its nuclear facilities. How might the global economy be affected, including the price of oil? 

On today’s episode, Dominic Waghorn is joined by Sky News economics editor Ed Conway to discuss the consequences of Iran’s next move. 
 
Producer: Natalie Ktena 
Editor: Paul Stanworth