The Strait of Hormuz, located between Oman and Iran, connects the Persian Gulf to the Gulf of Oman and the Arabian Sea. Around 20% of the world’s oil, including shipments from Saudi Arabia, the UAE, Iraq, Kuwait, and Iran, passes through the strait, along with large volumes of liquefied natural gas from Qatar. Recent US-Israeli military strikes on Iran have disrupted shipping in the region. This interruption has immediately pushed up the prices of these energy supplies on financial markets. #hormuz #gulf #iran #oil #economy #usa #news
The Strait of Hormuz, located between Oman and Iran, connects the Persian Gulf to the Gulf of Oman and the Arabian Sea. Around 20% of the world’s oil, including shipments from Saudi Arabia, the UAE, Iraq, Kuwait, and Iran, passes through the strait, along with large volumes of liquefied natural gas from Qatar. Recent US-Israeli military strikes on Iran have disrupted shipping in the region. This interruption has immediately pushed up the prices of these energy supplies on financial markets. #hormuz #gulf #iran #oil #economy #usa #news ♬ original sound - Daily Mail - Daily Mail
