Strait of Hormuz crisis explained: Impact on oil, shipping and global trade

Strait of Hormuz crisis explained: Impact on oil, shipping and global trade

The narrow waterway, just 33 km wide at its narrowest point, connects the Persian Gulf to the Gulf of Oman and carries nearly one-fifth of the world’s oil supply

The widening war in Iran has ground tanker traffic through the Strait of Hormuz to a halt, and oil prices have soared, highlighting the important role the narrow passageway plays in global energy sup… [+5241 chars]
Strait of Hormuz crisis explained: Impact on oil, shipping and global trade - FHMnews