Bahrain's Foreign Minister warned that Iran-driven Strait of Hormuz tensions threaten global stability, potentially affecting 4 million people through poverty and food insecurity. A Bahrain-backed UN Security Council resolution received 11 votes but was blocked by Russia and China. The Strait, 34 kilometers wide between Iran and Oman, handles one-fifth of global oil supply. A US-Iran ceasefire agreement was reached Tuesday, allowing maximum 15 ships daily through the waterway.