Analysis Note #1 – The Importance of the Strait of Hormuz: Historical Reminder and Current Stakes
Between 20 and 30 percent of the world’s crude oil transported by sea passes through this strait, as does one-fifth of global trade in liquefied natural gas (LNG). In addition to Iran, all the coastal nations—including Saudi Arabia, the United Arab Emirates, and Qatar—are heavily dependent on it for their energy exports, as well as for their imports, particularly food.
