- Recently,two tankers were attacked in the Gulf of Oman.The ship were carrying oil and other transporting a cargo of chemicals near the strategically important Strait of Hormuz.
- The US has blamed Iran for the attacks on the tankers.However,Iran has dismissed the claims and said that Iran has no connection with the explosions.
- Earlier,Iranian officials had threatened to interrupt the flow of oil through the Strait of Hormuz after the US administration had ended the waivers that allow countries to import Iranian oil.
- Further,the tension has risen in the region since the U.S had pulled out of a deal between Iran and global powers that aimed to curb Iran’s nuclear ambitions.
- The Gulf of Oman lies at one end of the strategic Strait of Hormuz.The Strait of Hormuz is a vital shipping route linking Middle East oil producers to markets in Asia, Europe, North America and beyond.It has been at the heart of regional tensions for decades.
- The waterway separates Iran and Oman linking the Gulf to the Gulf of Oman and the Arabian Sea.The Strait is 21 miles (33 km) wide at its narrowest point, but the shipping lane is just two miles (three km) wide in either direction.
- A fifth of global oil consumption passes through the Strait from Middle East crude producers to major markets.It is also the route used for nearly all the liquefied natural gas (LNG) produced by the world’s biggest LNG exporter,Qatar.
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