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What to know about the Strait of Hormuz, as conflict escalates

What to know about the Strait of Hormuz, as conflict escalates

By GhanaSummary NewsroomEgypt

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.

Ships began to travel through the strait again after the US and Iran agreed to a Memorandum of Understanding last month, but over the weekend, Tehran declared the waterway closed once more.

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