What is the Strait of Hormuz, crucial for global oil; Iran indicates reopening after 39 days

by Syndicated News

About a fifth of all world oil consumption passes through the strait. Between early 2022 and May 2025, approximately 17.8 to 20.8 million barrels per day of crude oil, condensate or fuel flowed through the site daily, according to data from maritime monitoring platform Vortexa.

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