Strait of Hormuz: the world's most important oil artery | Reuters

Strait of Hormuz: the world's most important oil artery | Reuters:

With a third of the world’s sea-borne oil passing through it every day, the Strait of Hormuz is a strategic artery linking Middle East crude producers to key markets in Asia Pacific, Europe, North America and beyond. This week, an Iranian Revolutionary Guards commander threatened that Tehran will block oil shipments through the waterway in response to U.S. calls to ban all Iranian oil exports. The Strait has been at the heart of regional tensions for decades and this is not first time that Tehran has made such threats.