Tensions have been escalating in the Strait of Hormuz since 2019, when multiple international incidents occurred in the vital maritime corridor. Indeed, around one fifth of the world’s liquefied natural gas and about 20% of total global oil consumption passes through this narrow waterway, which links the Persian Gulf with the Gulf of Oman. The region is also a popular tourist destination, with numerous cruise ships also following the strait's busy shipping lanes.
Following the US-Israel military strikes on February 28, Iran closed the Strait of Hormuz in response, effectively blocking the passage of all vessels and suspending shipments of crude oil, fuel, and liquefied natural gas. This immediately affected the world's daily oil supply and triggered increases in energy prices around the world.
To discover more about the Strait of Hormuz and its importance, click through this gallery.