The Strait Of Hormuz Crisis That Could Shake Global Oil Supply Overnight
- Publish date: since 12 hour Reading time: 1 min read
The Strait Of Hormuz Crisis That Could Shake Global Oil Supply Overnight
-
1 / 7
- Related articles
- Oman Rescues 24 Crew After Cargo Ship Hit by Missiles Near Strait of Hormuz
- White House: US Navy Has Not Escorted Tankers Through Strait of Hormuz
- Two Crew Members Killed in Ship Attacks Off Oman as Regional Tensions Escalate
The Strait of Hormuz is a strategic shipping lane for world energy. Every day millions of barrels of oil pass through this narrow strait from the Persian Gulf to markets worldwide. As a huge part of the world's oil relies on this route, any fight or problem there can quickly change the price of oil, trade and economies around the world.