US EditionWhy the Strait of Hormuz Holds Global Economic Power and Why Peace Is a U.S. Priority?
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The waterway is narrow. But the Strait of Hormuz is a major focus for global energy trade. But it is also a flashpoint due to high geopolitical tensions.
Why the Strait of Hormuz Holds Global Economic Power and Why Peace Is a U.S. Priority?
The Strait of Hormuz, a narrow 30-mile-long maritime passage nestled between the Persian Gulf and the Gulf of Oman, is one of the most critical arteries of global trade, especially in energy. Every day, an average of 114 to 122 ships navigate through this vital corridor, carrying goods and, more significantly, the lifeblood of the global economy: oil and gas. A Geopolitical Chokepoint Roughly 80% of global trade is conducted by sea, and the Stra…
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