The Strait of Hormuz: A Global Economic Stranglehold The recent escalation in tensions between Iran and the US has brought attention to the critical chokepoint of the Strait of Hormuz, where 20% of the world's oil and LNG passes through.
This dispute is not just a regional issue but a global economic one. Iran's leverage over the strait is its liability.
By mining it and attacking vessels, Tehran has crippled its own oil exports, which have plummeted by more than 90% since May.