The term 'Nation on the Strait of Hormuz' refers to two countries, OMAN and IRAN. OMAN is a country located in the southeastern corner of the Arabian Peninsula, bordered by the United Arab Emirates, Saudi Arabia, and Yemen. It is situated on the Strait of Hormuz, a strategic waterway that connects the Persian Gulf to the Gulf of OMAN. IRAN is a country located in the Middle East, bordered by Iraq, Turkey, Armenia, Azerbaijan, Turkmenistan, Afghanistan, and Pakistan. It is also situated on the Strait of Hormuz, making it an important strategic location for international trade.