The Economic Cost of Closure of the Strait of Hormuz for the World
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2 Articles
The economic cost of closure of the Strait of Hormuz for the world
In the intricate web of global commerce, few corridors are as critical and as vulnerable as the Strait of Hormuz. Tucked between Iran and the Arabian Peninsula, this narrow 21-mile waterway is responsible for transporting nearly a fifth of the world’s daily oil supply and a significant share of liquefied natural gas (LNG), primarily from […] The post The economic cost of closure of the Strait of Hormuz for the world appeared first on Modern Dipl…
Since the Israeli and American bombings of Iran in June 2025, Tehran's leaders have been raising the threat of closing the Strait of Hormuz. This stretch of water is the outlet of the Arabian-Persian Gulf to the Indian Ocean and the essential passageway for ships entering or leaving the Gulf, particularly oil tankers and LNG carriers. The credibility of this threat is largely due to the narrow width of the strait (29 nautical miles, or 54 kilome…
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