Strait of Hormuz: The World’s Most Volatile Oil Chokepoint
The Strait of Hormuz isn’t just a narrow strip of water between Iran and Oman—it’s the circulatory system of the global oil market. Roughly a third of the world’s seaborne oil passes through this 21-mile-wide channel, making it the most critical chokepoint in international energy trade. When tensions rise here, they ripple across financial markets,…
