Why the Strait of Hormuz remains central to global energy security

The Strait of Hormuz, a vital maritime corridor for global energy, is once again in the spotlight as Iran conducts military exercises aimed at countering perceived security threats. This strategic strait is crucial for the transportation of nearly 20% of the world’s petroleum, making it a focal point for energy security. Any disruption in this region could lead to significant fluctuations in oil prices, impacting economies around the globe, particularly India, which relies heavily on imported oil. The recent military drills by Iran underscore the ongoing tensions in the area, raising concerns among international stakeholders regarding the stability of energy supplies. As geopolitical dynamics evolve, the importance of securing this chokepoint cannot be overstated, as it plays a pivotal role in the global energy market and the economic well-being of nations that depend on its stability.