About one-fifth of the world’s total oil supply passes through Strait of Hormuz

(Web Desk): Following US strikes on Iranian nuclear facilities, Iran’s parliament has approved the closure of the Strait of Hormuz.
Earlier this morning, Iranian officials announced the closure of the strait in response to the American attacks, and now the Iranian parliament has formally authorized the move.
The Strait of Hormuz, which connects the Persian Gulf to the Gulf of Oman, is a critical global shipping route — responsible for the transport of 3% of the world’s oil and 5% of LNG.
The narrow strait, only 33 kilometers wide, has the Persian Gulf on one side and the Gulf of Oman on the other. Saudi Arabia, the United Arab Emirates, Kuwait, and Iran all rely on this passage to export oil to international markets. In fact, about one-fifth of the world’s total oil supply passes through this vital chokepoint.
Closure of the Strait of Hormuz is expected to cause a major shock in the global oil market, potentially driving oil prices up sharply and further increasing inflation in many countries.
According to global reports, 20 million barrels of oil were transported daily through the Strait last year, accounting for 20% of global petroleum consumption. Additionally, around 3,000 ships pass through the Strait of Hormuz each month.
It’s worth noting that crude oil prices have already risen by 13% due to the ongoing Iran-Israel conflict. Defense and economic experts warn that the Strait of Hormuz is not just a maritime route — it is a lifeline for global energy.

Kyle Larson wins NASCAR championship, denies Denny Hamlin
- an hour ago
 

Welcome to the November issue of The Highlight
- 11 hours ago
 

Govt, parliament to decide on sending troops to Gaza, Pak army focused on security: ISPR
- a day ago
 

Saturday Night's Main Event takeaways: Has Jey Uso's time to claim the World Heavyweight title passed?
- a day ago
 

President zardari in Doha to attend World Social Development Conference
- 7 hours ago
 

Pakistan’s blue economy will be a “game changer" for the country, Finance Minister
- 7 hours ago
 

Lady Vols' Whitehorn dismissed after 2nd arrest
- 12 hours ago
 

Marchand nets 'special' goal for pal's late daughter
- a day ago
 

If Man City are going to win the Premier League, all roads lead to Haaland
- 12 hours ago
 

Arab-Islamic countries have jointly called for urgent humanitarian aid for the Palestinians
- 7 hours ago
 

Will the attacks on Zohran Mamdani awaken a “sleeping giant”?
- 11 hours ago
 

Texas Tech, Irish in top 10 before 1st CFP ranking
- an hour ago
 








