The Conversation: If the Iran conflict shuts world’s most important oil chokepoint, global economic chaos could follow

"Two other vessels, believed to be tankers, have also been reported as having been hit by missiles, of an as yet undetermined source, in the vicinity of the Strait of Hormuz, underlining the importance of this vital shipping lane – which is likely to play an key part in all sides’ calculations.

Full details have yet to emerge of the incidents. But there are already signs that the strait will become a major focus of concern because of the huge implications should the conflict disrupt maritime traffic through this the narrow outlet of the Persian Gulf. Ships crossing the Strait of Hormuz carry around one-fifth of global oil supplies. That’s about 20 million barrels per day. This makes the strait the most critical energy chokepoint.”

Read the whole article in the Conversation:
Strait of Hormuz: if the Iran conflict shuts world’s most important oil chokepoint, global economic chaos could follow