Rubio Discusses Iran's Strait of Hormuz Demands with Asian Leaders

Why it matters locally: Colorado's economy, particularly its energy and agricultural sectors, could face indirect impacts from disruptions to global oil prices and trade routes if Iran's demands regarding the Strait of Hormuz lead to international instability or increased shipping costs.

WASHINGTON – U.S. Secretary of State Marco Rubio met with Asian leaders Wednesday, addressing Iran's demand for control and toll collection within the Strait of Hormuz. Rubio stated that Iran's demand would affect the global economy. He also indicated that such an arrangement could establish a precedent for similar situations in other parts of the world.