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Israel-Iran crisis: How vital is the Strait of Hormuz for oil market?

News RoomBy News RoomJune 16, 2025
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The flare-up of tensions between Israel and Iran has reignited concerns over the security of the Strait of Hormuz, a vital channel that transfers nearly a third of global seaborne oil and a fifth of globalnatural gas exports. This narrow but critical waterway, approximately 29 nautical miles wide, acts as a significant chokepoint for the Persian Gulf and the Gulf of Oman, while connecting the Arabian Sea with the Persian Gulf. Its sensitivity to external factors underscores its importance to global energy markets.

The strategic link formed by the

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