Strait of Hormuz: Global Oil Supply & Key Facts
Nearly 20% of the world’s oil supply passes through the Strait of Hormuz daily, a figure that translates to roughly 21 million barrels. This single waterway, nestled between Iran and Oman, is not merely a shipping lane; it’s the linchpin of global energy security, and increasingly, a focal point for geopolitical risk. Recent escalations in … Read more