From the perspective of the global oil economy, there are few places as strategically important as the Strait of Hormuz.

Iran has a number of options to disrupt ships moving through the Strait of Hormuz-the route for 40% of the world’s tanker traffic–and send oil prices soaring. Tanker owners and veteran captains who ha

Over 80% of the oil transported through the Strait of Hormuz is consumed by Asia, of which China, India, Japan and South Korea account for around 65%.