The Strait of Hormuz: what you need to know Around a fifth of the world’s oil passes through the Strait of Hormuz, making it the most important oil artery in the world - and the centre of political tensions
Middle East conflict hits shipping, oil prices and other international . . . Around 20% of global oil and a similar share of LNG normally transit the Strait of Hormuz, a key shipping lane on Iran's southern border At the time of writing, around 150 ships had dropped anchor in the waterway, including those carrying oil and natural gas Meanwhile, several ports suspended operations in the Middle East after drone strikes
These are the worlds most vital waterways for global trade The Hormuz Strait The Hormuz Strait is wedged between Iran and Oman, and links the Persian Gulf with the Gulf of Oman and the Arabian Sea As the main shipping route for oil from the Middle East, the strait sees a fifth of the world’s oil consumption passing through it daily – around 21 million barrels
Iran conflict disrupts oil and gas supply – and more energy stories Around a fifth of the world's global crude and natural gas supply has been suspended amid attacks on infrastructure and disruption to the Strait of Hormuz, a vital passage for oil and liquified natural gas (LNG)
The new energy equation: Why LNG is vital to the future of supply . . . The Strait of Hormuz, for example, through which 20% of global oil and a significant share of LNG flows, has once again become a flashpoint Iranian threats to disrupt this 33-kilometre chokepoint sent freight rates soaring 55% month-on-month, disproportionately impacting price-sensitive South Asian economies such as Pakistan and Bangladesh