Strait of Hormuz
The Strait of Hormuz is a narrow water path where many oil ships travel to move oil from the Middle East to other countries.
The Strait of Hormuz is a vital waterway between the Persian Gulf and the Gulf of Oman, through which a significant portion of the world's oil and liquefied natural gas (LNG) shipments pass.
Hear It Discussed
"Finally, there's disruption from rising pump prices due to interrupted oil tanker movement through the Strait of Hormuz."
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"Chinese auto trader Li Qin has nearly 500 exported vehicles stranded in the Gulf of Oman right now, after the Strait of Helmuz effectively closed thanks to conflict in the Middle East. The cargo is..."
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"Toyota is actually increasing production and shipping vehicles to the United States because they can't ship vehicles to the Middle East right now because the Strait of Hormuz is closed. Great."
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