The Strait of Hormuz is a narrow waterway between Iran and Oman that connects the Persian Gulf to the Gulf of Oman and the Arabian Sea, serving as a key maritime route for global shipping. It is a major international waterway through which oil and gas exports from several Gulf countries reach global markets. With Iran going after shipments of American allies, Hormuz has become the biggest maritime chokepoint. The latest threat is the Iranian plan to mine the entire Strait. The US responded by bombing Iran's 16 mine-laying boats in the region. An overview.
Energising the world
* About 20% of the world's oil and natural gas passes through the strait.
* Roughly 20 million barrels of oil per day.
* Around 20-25% of LNG trade
* Disruption here affects global fuel prices and energy markets.
Countries using the route
Major oil exporters
* Saudi Arabia
* Iraq
* Kuwait
* Qatar
* UAE
* Iran
* Bahrain
Major Buyers
* China
* India
* Japan
* South Korea
Most Gulf oil exports to Asia pass through Hormuz
Why shipping has halted
* Iran has attacked ships and threatened vessels in the strait
* Tanker traffic through Hormuz has largely stopped
* Around 400 oil and product tankers are idle in the Gulf
Major shipping companies that have suspended crossings
* Maersk
* Hapag-Lloyd
* CMA CGM
* MSC
Impact on energy markets
* Oil prices have swung sharply amid disruption fears
* Even short interruption can destabilise global markets
* A closure lasting a month or more could push crude prices above $100 per barrel
Threats
Iran can target vessels using :-
* Anti-ship cruise missiles
* Long-range missiles
* Drones
* fast attack boats
* Naval mines
The US says it has destroyed 16 mine-laying vessels during the conflict.
Can the Strait reopen?
Plans being discussed include :-
* Naval escorts for oil tankers
* Multinational patrols
* Increased surveillance and intelligence sharing
* A France-led initiative is exploring escort missions to help shipping resume
Some pipelines in Saudi Arabia and the UAE bypass Hormuz, but most Gulf oil exports have no alternative route.
Strait of Hormuz is 33 km wide at the narrowest point.
Tailpiece.
Got up at 5, sent all the messages, opened up the house for the day, lit up the puja room lamp and switched on the hymns on the home theatre.
Morning cuppa with Lekha.
Walked on the road in front of the house; recited my prayers.
Bath, followed by breakfast of puttum, pazhavum, kadalayum.
Farmhand, Pushpaakaran comes by for spring cleaning the house; finishes his work by 3 PM.
Lunch, watched "Snehakkoottu" followed by siesta.
The evening chores.