A closer look at the Strait of Hormuz after Iran issues new threat
About 20 million barrels of oil, or about one-fifth of daily global production, used to flow through the strait every day, according to the US Energy Information Administration, which calls the channel a “critical oil chokepoint.
A narrow waterway that bypasses Iran and Oman, the Strait of Hormuz is the main route for shipping crude from oil-rich countries such as Saudi Arabia and Kuwait to the rest of the world.
Stringer/Reuters As we’ve been reporting, Iran’s security chief has threatened to halt oil flow out of the Strait of Hormuz, according to state-affiliated Press TV.
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