Following an attack carried out by the US and Israel on February 28, Iran effectively closed the Strait of Hormuz, one of the world's busiest oil shipping routes. This vital waterway is of critical importance for global energy supply.
Editorial information indicates that approximately 20% of the world's oil and liquefied natural gas (LNG) is transported through this strait. As a result, an increase in international fuel prices has been observed. Countries are strengthening their measures against rising oil prices.
The Strait of Hormuz is bordered by Iran to the north, and Oman and the United Arab Emirates (UAE) to the south. This waterway connects the Persian Gulf to the Sea of Oman. The width of the strait is approximately 50 kilometers at the entrance and exit, and about 33 kilometers at its narrowest point.
The Strait of Hormuz, which has the depth to accommodate the world's largest crude oil tankers, is used by major oil and LNG producers and consumers in the Middle East. According to projections by the US Energy Information Administration (EIA), approximately 20 million barrels of oil and oil products are expected to pass through this strait daily in 2025. This is equivalent to approximately $600 billion worth of energy trade annually.