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Normally, a fifth of global gas and oil trade passes through this chokepoint. That’s 20 million barrels of oil a day.
But why are people talking so much about this one small waterway - and how important is it really to the global economy?
Our video primer reveals all - from the critical importance of the Strait of #Hormuz to #oil, gas and commodities trades, to how long the economic disruption could potentially last.
The Global Risks Report named geoeconomic confrontation as the leading risk facing the planet in the near future. Read more: https://ow.ly/zhm450YFEU0 | World Economic Forum | FacebookNormally, a fifth of global gas and oil trade passes through this chokepoint. That’s 20 million barrels of oil a day.
But why are people talking so much about this one small waterway - and how...
