Here's everything you need to know about the Strait of Hormuz, the world's biggest oil chokepoint.
The Strait of Hormuz, a narrow waterway in the Middle East that marks the most sensitive transportation choke point for global oil supplies, was back in focus Friday after a U.S. airstrike killed a top Iranian military commander and heightened fears of a confrontation between the two countries.
Oil prices jumped, with West Texas Intermediate crude CLG20, -0.02% , the U.S. benchmark, rising to an eight-month high, and Brent crude BRNH20, +0.15% , the global benchmark, trading at its highest level since September when an attack on Saudi Arabia’s oil infrastructure, widely blamed on Iran, temporarily knocked half of the country’s output offline.
At its narrowest point, the waterway is only 21 miles wide, and the width of the shipping lane in either direction is just 2 miles, separated by a two-mile buffer zone.
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