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Euronews
Euronews
Piero Cingari

Israel-Iran crisis: How vital is the Strait of Hormuz for oil market?

Oil the Strait of Hormuz Iran Strait Israel Strait of Hormuz IEA Warren Patterson crude oil the Persian Gulf

The flare-up of tensions between Israel and Iran has reignited concerns over the security of the Strait of Hormuz, a vital artery for the global energy market.

This narrow stretch of water, just 29 nautical miles wide at its tightest point, funnels nearly a third of the world’s seaborne oil and a fifth of global LNG.

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