Is the Strait of Mormuz open or closed | FT #shorts

This is the most important waterway in the world right now, the Strait of Hormuz. But keeping track of its status can be confusing. Is the Strait open or closed.Here's how things [music] looked a week before the war with as many as 140 ships crossing every day >> [music] >> until the US and Israel attacked Iran and Iranian media reported the Strait was effectively closed. Oil and gas prices surged [music] and shipping lines stopped transiting Hormuz given the risk of attack and sky-high insurance rates. Wit ...