economy
We took a boat into the Strait of Hormuz. Here's what we saw.
April 17, 2026 / 1:04 PM EDT / CBS News
TL;DR
- Journalists are not meant to access the Strait of Hormuz due to tight controls.
- The Strait of Hormuz is a critical waterway, with roughly 20% of the world's oil passing through it.
- A ceasefire between the U.S. and Iran, brokered by Pakistan, made the risk of entering the strait feel manageable.
- Dozens of oil tankers and cargo ships were observed waiting in the strait.
- Iran has asserted control over the waterway, reportedly mining parts of it.
- The United States has imposed a naval blockade targeting ships entering or leaving Iranian ports.
- Disruptions in the strait send shockwaves through global markets.
- Temporary ceasefires are holding, but movement of ships does not guarantee stability.
- The future of passage through the strait depends on whether a broader agreement is reached.