Why the Strait of Hormuz is crucial to global oil and maritime trade

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Why the Strait of Hormuz is crucial to global oil and maritime trade 02.03.2026

Euronews

The Strait of Hormuz is a vital maritime chokepoint, essential for global oil and gas transportation, with a significant portion of the world's energy supplies transiting through it daily. This narrow waterway connects the Persian Gulf to the open ocean, making it a critical artery for international trade. Tensions involving Iran, the United States, and Israel pose a substantial risk to the stability of energy markets and global commerce. Any disruption in this strategic passage could lead to severe consequences for energy security and the world economy, underscoring its immense geopolitical and economic importance.

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