The Economic Cost of Closure of the Strait of Hormuz for the World

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…

Iran’s Threat to Close Strait of Hormuz Sparks Oil Market Turmoil - Economy Watch

Please note that we are not authorised to provide any investment advice. The content on this page is for information purposes only. Iran’s recent parliamentary vote threatening to close the Strait of Hormuz has rattled global energy markets, sending oil prices sharply higher amid fears of supply disruptions. The strait is a critical artery for global oil transportation, with approximately one-fifth of the world’s petroleum passing through it dai…

How Close Did Iran Come to Shutting Strait of Hormuz?

Rigzone talks to several analysts.