Sea Shipping Chokepoints
In 2025 almost 30% of global seaborne crude oil and petroleum products pass through the Strait of Malacca, while Hormuz accounted for another 26%. Together with Bab-el-Mandeb, Suez, Taiwan Strait, Bosporus/Dardanelles, Gibraltar and Panama Canal, these chokepoints form the fragile arteries of the global economy. Since the Strait of Hormuz is recently blocked, Saudi Arabia […]