Key Facts

• The Strait of Hormuz is a narrow waterway important for shipping oil from the Middle East.
• Before the conflict, about 20% of the world's oil passed through this strait each day.
• Iran has blocked the Strait of Hormuz, interrupting oil shipments.
• This blockade has caused problems and increased uncertainty in global oil markets.
• Middle Eastern countries are building new oil shipping routes and facilities to avoid relying on this waterway.
• These efforts aim to reduce risks by creating alternative paths for oil transport.
• The changes are intended as long-term solutions to avoid future disruptions caused by the strait’s blockage.