Europe EditionThe Strait of Hormuz: the World’s Most Important Oil Artery
- Israel launched strikes against Iran on June 13, targeting nuclear facilities and military leaders, stating it aims to prevent Iran from building atomic weapons.
- Iran has threatened to close the Strait of Hormuz in response to Western pressure, prompting concerns over global oil trade and prices, experts warn.
- The Strait of Hormuz is crucial for global oil trade, with about 20% of the world's oil passing through it, and any closure could significantly impact prices.
- Pakistan is exploring alternative oil supply routes through pipelines due to tensions between Israel and Iran.
21 Articles
21 Articles
All About The Strait Of Hormuz: World's Most Important Oil Artery
Israel launched strikes against Iran on June 13, saying it targeted nuclear facilities, ballistic missile factories and military commanders during the start of a prolonged operation to prevent Tehran from building an atomic weapon.
derwesten.de
The conflict between Israel and Iran could affect the Strait of Hormus. Experts warn of rising oil prices.
Iran has announced to block the Strait of Hormus, affecting 20 percent of the world's oil trade. This threat leads to rising oil prices and could have global economic consequences. Experts warn of a possible oil crisis.
Pakistan explores oil supply from Saudi Arabia, UAE via pipelines if Strait of Hormuz is closed due to Iran-Israel conflict - Profit by Pakistan Today
Strait of Hormuz supplies 20% of global crude oil; if Iran closes it, global oil supplies, including to Pakistan, could be disrupted
On Sunday, 15 June, the Israeli army bombed fuel depots and refineries in Iranian territory. Uncertainty about the outcome of the war caused an increase in the price of the barrel of oil. The whole world now has its eyes riveted on the Strait of Ormuz, controlled by Iran, through which 20 per cent of the world's production flows. This represents 2,400 oil-laden ships, so a regional escalation could affect their supply on a large scale. (Internat…
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