Key Facts

• The Strait of Hormuz is a key route for transporting oil and gas.
• About 20% of the world’s petrochemical products usually pass through this strait.
• Traffic through the strait has almost stopped since attacks on Iran by the U.S. and Israel.
• The disruption is causing a major supply shock in the global energy market.
• Experts describe the situation as the largest supply shock ever experienced.
• The halt in flow is creating ongoing ripple effects on energy availability worldwide.
• Discussions are being held to understand the future impact on global energy supplies.