Source: World Economic Forum (video statements)
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 World Economic Forum is the International Organization for Public-Private Cooperation. It provides a global, impartial and not-for-profit platform for meaningful connection between stakeholders to establish trust, and build initiatives for cooperation and progress.
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