Hormuz Disruptions: Strait of Hormuz Crisis Sparks Worldwide Oil and Trade Turmoil
Edited By WION Video Desk
Published: Mar 09, 2026, 13:30 IST | Updated: Mar 09, 2026, 13:30 IST
The Strait of Hormuz, the world’s most critical trade chokepoint, is at the Centre of the economic fallout from the ongoing U.S-Israel conflict with Iran. Nearly 20 million barrels of oil pass through this narrow waterway every day, accounting for roughly one-fifth of global oil consumption.
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