What share of global oil and liquefied natural gas exports passes through the Strait of Hormuz?

More than 20 percent of global oil and liquefied natural gas exports pass through the Strait of Hormuz. Additionally, the volume of petroleum and crude oil transiting the strait daily accounts for approximately 25 percent of the world’s maritime oil trade.123

As the only sea channel linking the Persian Gulf to the Gulf of Oman and the Arabian Sea, the strait serves as a critical chokepoint for the global economy. Because it is the primary maritime gateway for major producers such as Iran, Iraq, Kuwait, Qatar, and the United Arab Emirates, disruptions in this region have a profound impact on global commodity pricing.123