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Traffic through Strait of Hormuz halves days after US strikes in blow to global economy
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NEWSDECK ANALYSIS
The Strait of Hormuz is a vital shipping lane, with approximately 20 per cent of the world's oil passing through it, making it a crucial component of the global economy. The reduction in traffic through the strait could have significant implications for oil prices and the global supply chain. The use of the Omani shipping corridor has become a point of contention between the US and Iran, highlighting the complex geopolitics of the region.
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Traffic through Strait of Hormuz halves days after US strikes in blow to global economy
Row between US and Iran appears to centre around use of an Omani shipping corridor
10 Jul, 11:42
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