Strait of Hormuz: Why This Oil Chokepoint Threatens Global Markets
The Strait of Hormuz is more than just a narrow waterway in the Persian Gulf—it is the circulatory system of the global oil market. Connecting the Gulf of Oman to the Persian Gulf, this 21-mile-wide channel sees an estimated 21 million barrels of oil pass through it daily, accounting for roughly one-third of the world’s…
