What Is the Strait of Hormuz and Why Is It so Important for Global Shipping?

What is the Strait of Hormuz and why is it so important for global shipping?

During the recent conflict between Iran and Israel, Iran threatened to block the Strait of Hormuz, one of the world’s major shipping routes. Would that be possible, and what effects would it have? The Strait of Hormuz is a choke point at the entrance to the Persian Gulf. It is used to transport about 20% of global daily oil consumption. Iran effectively controls this crucial shipping route because it is a coastal state bordering this narrow stre…

The Importance of the Strait of Hormuz for Global Shipping

During the recent conflict between Iran and Israel, Iran threatened to block the Strait of Hormuz, one of the world’s major shipping routes. Would that be possible, and what effects would it have? The Strait of Hormuz is a choke point at the entrance to the Persian Gulf. It is used to transport about 20% of global daily oil consumption. Iran effectively controls this crucial shipping route because it is a coastal state bordering this narrow stre…

Middle East tensions stir fears of $150 oil spike amid Straits of Hormuz crisis – altnews.org

Iran-Israel conflict risks spike oil to $150 if Strait of Hormuz closes. Geopolitical risks loom over global markets amid tactical