Knowledge Tree

Relations (1)

cross_type 2.32 — strongly supporting 4 facts

The Strait of Hormuz is a critical maritime chokepoint through which approximately 20% of the world's oil supply passes, as detailed in [1], [2], and [3], with the majority of this oil destined for Asian markets [4].

Facts (4)

Sources

Middle East conflict economic impacts chips | Sourceability sourceability.com Sourceability 1 fact

measurementMore than 80% of the oil and liquefied natural gas (LNG) shipped through the Strait of Hormuz is destined for Asian markets, primarily China, India, Japan, and South Korea.

Twenty questions (and expert answers) about the Iran war atlanticcouncil.org Atlantic Council 1 fact

measurementThe Strait of Hormuz is a chokepoint responsible for approximately one-fifth of global oil and gas flows.

Conflict in the Middle East and the Impact on the Global Economy trendsresearch.org Trends Research 1 fact

measurementThe Strait of Hormuz is a critical maritime route through which 20% of the world’s oil and gas passes.

Iran and Middle East conflict impacts global economy - Deloitte deloitte.com Deloitte 1 fact

measurementApproximately 20% of the world's consumed oil and gas passes through the Strait of Hormuz.