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