The Strait is one of the world’s most critical oil chokepoints. In 2023, around 20.9 million barrels of oil per day — roughly 20% of global petroleum liquids consumption — passed through it.

Along with crude oil and petroleum products, the strait also allowed for about one-fifth of the world's liquefied natural gas trade in 2024, which primarily came from Qatar, the EIA said.

How Iran Threat On Strait Of Hormuz Could Affect Global, Indian Oil Supplies Nearly 20% of global oil exports flow through the narrow waterway. NDTV News Desk (with inputs from Reuters) World News ...

Iran’s parliament has voted to close the Strait of Hormuz, the vital shipping channel through which around 20% of the world’s daily oil flows.

"The Strait of Hormuz sees an enormous amount of the world's traffic," says Dan Marks, an expert in energy security at the RUSI thinktank. "There's no alternative." And the stats back it up.

As tensions escalate following Israeli strikes on Iran, fears rise that Tehran could choke the Strait of Hormuz, which is significant for its strategic location. What does this imply for countries ...

Strait of Hormuz is used for exporting crude oil to Asia by members of OPEC including Saudi Arabia, Iran, the United Arab Emirates, Kuwait, and Iraq ...

US Secretary of State Marco Rubio on Sunday reacted to reports claiming that the Iranian parliament has approved a measure to close the Strait of Hormuz, saying that it would be an “economic ...

CGTN Europe spoke to Gaurav Sharma, energy analyst and the author of the blog Oilholics Synonymous. US officials forced to share bald JD Vance meme by denying tourist’s claim he was denied entry ...

Why all eyes are on the Strait of Hormuz, a 90-mile strip critical to global oil prices By Huileng Tan and Pete Syme ...

China, the largest buyer of Iranian oil, sourced 5.4 million barrels per day through the Strait of Hormuz in the first quarter this year, while India and South Korea imported 2.1 million and 1.7 ...

Posted: June 24, 2025 | Last updated: June 24, 2025 The war between Israel and Iran has raised concerns that Iran could try to close the Strait of Hormuz, the world’s most important oil chokepoint.