Iran has promised to retaliate for the killing of a key military commander in a US airstrike. One place is particularly vulnerable: the Strait of Hormuz, off Iran's southern coast:
Tehran has promised to retaliate, and one place is particularly vulnerable: the Strait of Hormuz, off Iran's southern coast.The channel, which is only 21 miles wide at its narrowest point, is the only way to move oil from the Persian Gulf to the world's oceans. Last year, attacks on two ships — one carrying oil and the other transporting a cargo of chemicals — in the nearby Gulf of Oman caused a temporary surge in oil prices.
Oil prices surge after tanker attack in Gulf of Oman 01:25About 22.5 million barrels of oil a day passed through the Strait of Hormuz on average between the start of 2018 and June last year, according to energy analytics firm Vortexa.That's roughly 24% of daily global oil production over that period, and nearly 30% of oil moving over the world's oceans.
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