The Strait of Hormuz is not just a sea route, but a lifeline for global energy security. Amid current geopolitical tensions, its security and uninterrupted operation remain a critical issue for the entire world.

The Strait of Hormuz is crucial amid tensions in West Asia.

Middle East Tensions: Escalating military tensions in West Asia have created a stir in global energy markets. Amid actions by Israel and the United States and Iran's retaliatory strikes, the Strait of Hormuz is the most discussed area. It is one of the world's most important oil transit routes, transporting approximately 15 to 20 million barrels of crude oil to global markets daily.

The Strait of Hormuz is considered the world's most important oil transit route, a narrow sea passage located between Iran and Oman. It connects the Persian Gulf with the Gulf of Oman and the Arabian Sea. At its narrowest point, it is approximately 33 kilometers wide, but its strategic importance in terms of global energy supply is immense. India imports more than 88% of its crude oil needs. Of this, approximately 50% (approximately 2.5–2.7 million barrels per day) comes through this route. This means that India's energy security largely depends on the uninterrupted movement of this sea route.

Who exports how much?

Estimated share of major exporting countries through the Strait of Hormuz:

Saudi Arabia – 38%

Iraq – 22%

UAE – 15%

Iran – 11%

Kuwait – 9%

Qatar – 5%

If there is any kind of disruption on this route, it can have a direct impact on the global supply chain.

Which country imports how much?

Several Asian economies are heavily dependent on this sea route:

China – 33%

India – 13%

South Korea – 12%

Japan – 11%

Other Asian countries – 14%

Other countries – 17%

This route is very important from the point of view of energy security for big consumer countries like China and India.

How much did oil become expensive after the tension?

Crude oil prices have seen a rise of about 12% in the last six days following the attacks on Iran.

February 25:

$71.06 per barrel (approximately Rs 6,500)

March 2:

$77.75 per barrel (approximately Rs 7,115)

March 3:

$79.60 per barrel (approximately Rs 7,278)

This rise in oil prices indicates that the market is worried about possible supply disruptions.

Why is this route important?

The Strait of Hormuz connects the Persian Gulf to the Gulf of Oman and the Arabian Sea. Despite its narrowness, this passage is considered a hub for global energy supply.If the coict escalates or shipping activities are disrupted, oil prices could rise further, increasing inflation in importing countries, and increasing instability in global markets. The Strait of Hormuz is not just a sea route, but a lifeline for global energy security. Amid current geopolitical tensions, its security and uninterrupted operation remain critical issues for the entire world.