More than 12.5M barrels of oil passed through Strait of Hormuz after deal signed [video]
More than 12.5 million barrels of oil passed through the Strait of Hormuz after a deal was signed, highlighting the strategic waterway's role in global energy shipments.
Background
- The Strait of Hormuz is a narrow waterway between Iran and Oman connecting the Persian Gulf to the open ocean. About 20% of the world's oil passes through it, making it a critical chokepoint for global energy supplies.