Strait of Hormuz: The "Chokepoint" of the World

The Strait of Hormuz is considered the most important oil chokepoint in the world. Because of this, about 20% to 30% of the total oil supply (petrol) consumed by the world daily goes through.

Location and Entertainment

Where is this at? It is located between the country of Oman and the United Arab Emirates to the south, and Iran to the north.

Size: At its narrowest part, the narrow is only 33 kilometers wide.

Ship Lanes: Due to sandbars and shallow water, the actual tanker lanes (shipping lanes) are only two miles wide for incoming and outgoing vessels.

Origin of the Name

The name "Hormuz" is believed to come from the Persian word Ohrmazd, which is a form of God's name Ahura Mazda. There's also a theory that it comes from the word Hur-mogh meaning "full of dates." "

History of Tension

Because of its strategic location, it often becomes the center of geopolitical tensions. In the '80s, there was a so-called "Tanker War" between Iran and Iraq where commercial ships were attacked to paralyze the enemy's economy.

Importance in Asia

Large portions of the oil passing through here is on its way to Asian countries such as China, Japan, India, and South Korea. Any failure or closure of this shortage will immediately result in rapid increase in crude prices and global buy.