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The Strait of Hormuz: Connecting Global Energy Markets
The Strait of Hormuz connects the Persian Gulf with the Gulf of Oman and the Arabian Sea, and is a narrow maritime chokepoint. It matters to the global economy because it carries a significant share of the world's oil and LNG supplies. Millions of barrels of oil pass through the Strait of Hormuz every day, making it one of the world's most important oil chokepoints. Everything remains normal as long as peace prevails, but the moment unrest breaks out in this region, the impac
T.Mahidhar Shiva
14 hours ago4 min read
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