Explained: Strait of Hormuz, the world’s most important oil artery

  1. Amidst growing tensions between USA and Iran, the Strait of Hormuz has been repeatedly been in news. Recently, two tankers were damaged south of the Strait of Hormuz. In May 2019, four vessels were attacked off the UAE coast near Fujairah, just outside the Strait of Hormuz.
  2. The Strait of Hormuz lies between Oman and Iran. It links the Persian Gulf north of it with the Gulf of Oman to the south and the Arabian Sea beyond.
  3. On the north coast lies Iran, and on the south coast the United Arab Emirates and Musandam, an exclave of Oman.
  4. It is 21 miles (33 km) wide at its narrowest point, with the shipping lane just two miles (three km) wide in either direction.
  5. It is considered as world’s most important oil artery. Almost a fifth of the world’s oil passes through the Strait. According to data from analytics firm Vortexa some 17.2 million barrels per day (bpd) pass through it.
  6. OPEC members Saudi Arabia, Iran, the UAE, Kuwait and Iraq export most of their crude via the Hormuz Strait. Qatar, the world’s biggest liquefied natural gas (LNG) exporter, sends almost all of its LNG through the Strait.
  7. The US Fifth Fleet, based in Bahrain, is tasked with protecting commercial shipping in the area.
Strait of Hormuz

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