strait of hormuz oil disruption

The Strait of Hormuz, a narrow 21‑mile waterway between Oman and Iran, is a critical chokepoint for global oil—about a fifth of the world’s petroleum passes through it daily. Disruptions—caused by regional tensions, Iranian threats to close the strait, missile attacks on tankers, or naval incidents—can sharply raise crude prices, force ships to reroute around the longer Cape of Good Hope, and create temporary shortages in markets that rely on Middle‑East supplies. Even brief closures or the threat of one can trigger volatility in oil futures and prompt strategic petroleum reserves releases by consuming nations. Views Nigeria