🆕The Strait of Hormuz is a critical component of global energy security, and any disruptions to the strait could have significant impacts on global energy supplies and prices.

The strait is the world's most important oil chokepoint, with over 20% of the world's oil passing through it. According to the International Energy Agency, any disruptions to the strait could have significant impacts on global energy supplies and prices, and could lead to a global economic downturn.