Straits of Hormuz: Why they are so important to the global economy

Straits of Hormuz: Why they are so important to the global economy

The strike has caused global concern. According to US President Donald Trump, the goal of the joint operation is to “eliminate direct threats from the regime” of Iran. But he added, addressing the Iranians, that “the time of your freedom is very near,” in a speech from his residence in Palm Beach, Florida. For his part, Israeli Prime Minister Benjamin Netanyahu assessed that the joint military operation “will create the conditions for the brave Iranian people to take their destiny into their own hands.”

One of the serious risks is that the Revolutionary Guards are strategically important, despite the fact that the US Fifth Fleet, based in Bahrain, has taken over the protection of merchant shipping in the region.

The Strait of Hormuz connects the Persian Gulf – and the oil-producing nations of Bahrain, Kuwait, Qatar, Saudi Arabia and the United Arab Emirates – to the Indian Ocean. That is, the straits are located between Oman and Iran and connect the Persian Gulf in the north to the Gulf of Oman in the south and then to the Arabian Sea. They are 21 miles (33 km) wide at their narrowest point, while the shipping lane is only 2 miles (3 km) wide in each direction.

In 2025 alone, about 16.7 million barrels of oil and oil condensate per day were transported through the passage, according to data compiled by Bloomberg. Equally critical is the pipeline’s importance to LNG, as nearly 20% of the world’s liquefied natural gas supply — mostly from Qatar — passes through it.

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