Strait of Hormuz: What Happens If Iran Shuts Global Oil Corridor?
Wednesday, 2026/03/04140 words2 minutes1114 reads
Iran has threatened to block the Strait of Hormuz, one of the world's most critical oil shipping routes. The strait, which is only about 33 kilometers wide at its narrowest point, carries approximately 20% of global oil and gas supplies.
The waterway connects the Gulf with the Arabian Sea and is bounded by Iran to the north and Oman and the UAE to the south. About 3,000 ships pass through each month, transporting nearly 20 million barrels of oil daily.
If Iran successfully blocks the strait, the consequences would be severe. Oil prices have already risen, with Brent crude hitting $82 per barrel. Asian countries, particularly China, India, and Japan, would be hit hardest as they are major importers of crude oil from this route. Higher oil prices would increase the cost of goods and services worldwide, affecting consumers everywhere.
