Few places on the planet matter more to the global economy than the Strait of Hormuz.Just about 21 miles wide at its narrowest, the Strait of Hormuz between Iran and Oman is a global energy choke point. The waterway carries roughly 20 million barrels a day and about one-fifth of global liquefied natural gas, making it a top-value target when conflict in the region erupts.That’s why the latest disruption, triggered by U.S.-Israeli strikes over the weekend and retaliatory Iranian drone and missile attacks across the region, is forcing shippers to rethink whether it’s safe to transit the key wate...
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