Iran Moves to Block US, Israeli Shipments from Strait of Hormuz The Strait of Hormuz, a narrow waterway connecting the Persian Gulf to the Gulf of Oman, has long been a critical artery for global trade.
Approximately 20% of the world's crude oil exports pass through this strategic chokepoint, with significant volumes coming from major producers such as Saudi Arabia and Iran itself.
Without it, tanker fleets would have to circumnavigate Africa or take on longer, more expensive routes, leading to price increases and supply chain disruptions.