Through which strait, almost 40 percent of world’s oil supply is transported:
Through which strait, almost 40 percent of world’s oil supply is transported:
(A) Hormuz
(B) Malacca
(C) Bosporus
(D) Gibraltar
The Strait of Hormuz is the world’s most critical oil bottleneck. Every day, approximately a fifth to a quarter of the world’s oil and gas traded worldwide via ships passes through this strategic waterway. Although the usual citation gives a large percentage, the latest data gives it a percentage of 20% to 25% of the world’s consumption.