Strait of Hormuz maritime trade bears heavy brunt during 100 days of Iran war

The Strait of Hormuz, a key chokepoint for global maritime trade, handled nearly 1,000 ships in the 100 days since the US-Israel-Iran war broke out in the region, marking a figure that the waterway would have seen in only a week under normal conditions, Anadolu reports. The Strait of Hormuz is a narrow waterway at the mouth of the Gulf, connecting Middle Eastern oil and liquefied natural gas (LNG) to global markets via the Arabian Sea and the Indian Ocean. The chokepoint accounted for 20% of the global daily oil consumption and liquefied natural gas (LNG) trade prior to Feb. 28, when the US and Israel preemptively attacked Iran and Tehran made subsequent retaliations, striking regional infrastructure. The waterway also […]