America may start working on Iran as early as this weekend, and Iran may close the Strait of Hormuz
Why is it so important?
It connects the Persian Gulf with the Gulf of Oman and further with the Indian Ocean
It is the route for oil exports from:
Saudi Arabia
Iraq
Kuwait
UAE
Qatar
partly from Iran itself
📊 Key figures
🔹 ≈ 20–21 million barrels of oil per day
(this is approximately 20% of global oil consumption)
🔹 About 25–30% of global maritime oil trade passes through here
🔹 The strait also accounts for about 20% of global LNG (liquefied gas)
💰 Potential economic losses
Estimates from analytical centers and energy agencies:
If the strait is closed for even 1–2 weeks,
👉 oil prices could rise to $120–150+ per barrel
A complete blockade for a month could cost the global economy
👉 hundreds of billions of dollars due to:
fuel price spike
inflation
stock market decline
logistics disruption
In the worst-case scenario (prolonged conflict)
