Around 84% of oil passing through the Strait of Hormuz is destined for Asia, leaving the economies of China, India, South Korea and others vulnerable should Iran blockade the crucial trading route over U.S. strikes on its nuclear sites.
Around 14.2 million barrels of crude oil and 5.9 million barrels of other petroleum products pass through the strait per day — representing around 20% of global production in the first quarter, according to the U.S. Energy Information Administration (EIA).
And crude oil from Saudi Arabia, the UAE, Iraq, Kuwait, Qatar and Iran almost exclusively passes through the corridor.
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