The US proposes insurance guarantees to stabilize shipping in the Strait of Hormuz, where 20% of global oil flows. However, risks remain high.
Geopolitical Analysis Article
The Significance of the Strait of Hormuz in Global Trade
On June 22, 2025
Importance of the Strait of Hormuz The Strait of Hormuz, a narrow passage between the Persian Gulf and the Gulf of Oman, holds significant geopolitical and economic importance. It is one of the world’s most critical maritime chokepoints, as approximately 20% of the globe’s oil supply passes through this strait. This small stretch of water
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