7 minutes agoWhy is the Strait of Hormuz so important?
Periskopi(3 months ago)
(3 months ago)Hormuz Strait is a key trade artery through which about 20% of world oil passes. About 3 thousand ships usually sail through this strait every month. However, this figure has been significantly reduced recently, reports the BBC. Hormuz Strait is a vital channel for Middle East imports, including food, [...]
About 3 thousand ships usually sail through this strait every month.
However, this figure has been significantly reduced recently, reports the BBC.
Hormuz Strait is a vital channel for imports to the Middle East, including food, medicine and technological supplies.
The Strait blockade has triggered increased energy prices.
There are fears that this could spur higher inflation. /Periscope
