Strait of Hormuz & Iran's Oil Global Chokepoint Explained!

Strait of Hormuz & Iran's Oil Global Chokepoint Explained! #travel, #vacation, #cruise, #shorts, #shortsvideo The Strait of Hormuz and Iran is one of the most critical chokepoints for global oil transit. Key Facts: About 20% of global oil consumption passes through the Strait of Hormuz. In 2023, approximately 17–18 million barrels of oil per day (bpd) flowed through it. That includes: Crude oil Condensate Refined petroleum products Countries shipping oil through the Strait: Saudi Arabia Iraq United Arab Emirates Kuwait Qatar (primarily for liquefied natural gas, but also some oil) Iran (some, depending on sanctions) Destination of the oil: Asia (major consumers: China, Japan, India, South Korea) Europe United States (to a lesser extent in recent years) Why it matters: The Strait is only 21 miles wide at its narrowest, with a 2-mile-wide navigable channel in each direction. Any disruption (like conflict or blockades) can send global oil prices soaring due to the volume involved. Thank you for Watching!

##travel##vacation##facts##explore##shorts##shortsvideo##shortsviral##short##shortsfeed#Strait of Hormuz Oil's Global Chokepoint Explained!##strait##gulf##oil##checkpoint##oilproces##problemsofconflict##conflict##oilprices