“`html
Strait of Hormuz Closure Threat Looms Amidst Middle East Conflict
Table of Contents
Fears of a broader Middle East conflict are escalating following President Trump’s recent decision to bomb Iranian nuclear sites. Analysts suggest that Iran might retaliate by closing the Strait of Hormuz, a crucial global trade route. This chokepoint sees over a fifth of the world’s oil supply and a significant amount of liquefied gas pass through it daily, making its potential closure a matter of grave international concern [[1]].
The Strait of Hormuz: A Critical Waterway
The Strait of Hormuz is a strategically vital waterway connecting the Persian gulf with the Gulf of Oman and the Arabian Sea [[1]].Situated between Oman and Iran, it serves as a crucial passage for global oil and gas shipments. At its narrowest point, the strait is only 21 miles (33 kilometers) wide, with shipping lanes just 2 miles (3 kilometers) wide in each direction.
did You Know? The Strait of Hormuz is considered one of the world’s most crucial strategic chokepoints for maritime oil transport, with approximately 21% of global petroleum liquids consumption passing through it in 2018 .
Why the strait of Hormuz Matters
Approximately one-fifth of the world’s total oil consumption passes through the Strait of Hormuz. Data indicates that between 17.8 million and 20.8 million barrels of crude oil, condensate, and fuels flowed through the strait daily between early 2022 and last month. Member nations of OPEC, including Saudi Arabia, Iran, the United Arab Emirates, Kuwait, and Iraq, export the majority of their crude oil via this route, primarily destined for asia.
The United States Fifth Fleet,based in Bahrain,is tasked with safeguarding commercial shipping in the region.
Oil Exports Via the strait of Hormuz
| Country | Significance
previous post
DED in Clinical Practice: A New Episode Breakdown |
|---|