International News: The global economy has been deprived of nearly 20% of its fuel supply by the closure of the Strait of Hormuz. The Iranians have closed the crucial wat. The global economy has been deprived of nearly 20% of its fuel supply by the closure of the Strait of Hormuz. The Iranians have closed the crucial waterway by threatening the ships that pass through the waterway that is just 39 kms wide at its narrow... [2653 chars]