Why is Strait of Hormuz important? Oil route in focus amid US-Israel strikes on Iran

The Strait of Hormuz, a pivotal maritime chokepoint, has emerged as a focal point for geopolitical tensions, particularly amid recent U.S.-Israel military actions targeting Iran. This narrow passage, which connects the Persian Gulf to the Gulf of Oman, is crucial for global oil transportation, with approximately 20% of the world's oil supply traversing its waters. Iran has historically leveraged its strategic position to exert pressure on regional and global powers, often threatening to block the strait during periods of heightened conflict. The current situation has intensified concerns over the stability of oil markets and the broader implications for global security. As tensions escalate, the potential closure of this vital route could have far-reaching effects on oil prices and energy security, underscoring the strait's significance in international geopolitics. The global community is closely monitoring developments in the region, as any disruption in this crucial artery could reverberate through economies worldwide, highlighting the intricate relationship between regional stability and global energy supplies.
Originally reported by LiveMint. Read original article
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