Strait of Hormuz Risks: Global Oil Price Shock & Economic Fallout
Strait of Hormuz: A Critical Global Chokepoint The Strait of Hormuz, a narrow waterway between Iran and Oman, is far more than just a geographical feature; it's a crucial artery for the global oil trade, transporting approximately 20% of the world's oil supply. Any disruption to this vital transit route carries significant implications for global energy markets and the broader economy. This analysis examines the potential risks, the key players involved, and strategies for mitigation....