Deemed as the “world's most important chokepoint” for oil and international shipping, the Strait of Hormuz is the main thoroughfare to and from the Arabian Gulf. In 2011, 17 million barrels of crude oil passed through the Strait each day, representing 20% of global oil trade. A disruption in...

Deemed as the “world’s most important chokepoint” for oil and international shipping, the Strait of Hormuz is the main thoroughfare to and from the Arabian/Persian Gulf. A disruption in shipping through the Strait of Hormuz would have severe consequences for the world economy. Without...