Strait of Hormuz Closure: Global Oil Supply at Risk, Impact on India, China, Japan?
Strait of Hormuz Closure: Global Oil Supply at Risk, Impact on India, China, Japan?
- •Closure of the Strait of Hormuz by Iran would have a worldwide impact, not limited to a few nations.
- •The Strait is a narrow 33-kilometer sea passage located between Iran, Oman, and the UAE.
- •Approximately 20% of the world's oil supply, about 17 million barrels daily, transits through this vital route.
- •Eight Persian Gulf countries, including Iran, Iraq, Kuwait, Bahrain, Qatar, Saudi Arabia, and the UAE, rely on this strait for oil exports.
