{"id":449,"date":"2026-04-03T09:01:10","date_gmt":"2026-04-03T08:01:10","guid":{"rendered":"https:\/\/mexwco.com\/en\/?p=449"},"modified":"2026-04-03T09:01:10","modified_gmt":"2026-04-03T08:01:10","slug":"what-is-the-strait-of-hormuz-and-why-is-it-key-to-the-global-economy","status":"publish","type":"post","link":"https:\/\/mexwco.com\/en\/2026\/04\/03\/what-is-the-strait-of-hormuz-and-why-is-it-key-to-the-global-economy\/","title":{"rendered":"What is the Strait of Hormuz and Why is it Key to the global economy?"},"content":{"rendered":"<div>\n<div>\n<p>The Strait of Hormuz is one of the most strategic maritime routes in the world. It connects the Persian Gulf with the Gulf of Oman and provides access to the open ocean for major oil-producing countries in the Middle East.<\/p>\n<\/div>\n<div>\n<p>&nbsp;<\/p>\n<p>Why is this trade route so important?<\/p>\n<\/div>\n<div>\n<p>\u2022 More than 20% of the world\u00b4s oil consumption passes through the strait, along with nearly 35% of all seaborne oil trade.<\/p>\n<\/div>\n<div>\n<p>\u2022 Around 20% of the global liquefied natural gas (LNG) trade also flows through this route, mainly exported form Gulf countries.<\/p>\n<\/div>\n<div>\n<p>\u2022 It shores are primarly controlled by Iran to the north, and by the United Arab Emirates and Oman to the south.<\/p>\n<\/div>\n<div>\n<p>\u2022 Energy exports from Saudi Arabia, Iraq, Kuwait, Qatar and Iran pass through this route toward major markets such as China, the United States and European Union countries .<\/p>\n<\/div>\n<div>\n<p>\u2022 Whenever there are tensions or threats to block the strait, oil prices tend to rise rapidly due to potential disruptions in global energy supply.<\/p>\n<\/div>\n<div>\n<p>&nbsp;<\/p>\n<p>Following Iran\u00b4s announcement of a possible closure of the strait amid tensions with the United States and Israel, oil prices surpassed $100 per barrel, with projections suggesting they could approach $200 if the route remains blocked.<\/p>\n<\/div>\n<div>\n<p>&nbsp;<\/p>\n<p>Source:<\/p>\n<\/div>\n<div>\n<p>30 March 2026 \u2013 What is the strait of Hormuz and Why is it Key to the global economy? &#8211; El Economista <a href=\"https:\/\/eleconomista.com.ar\/internacional\/que-estrecho-ormuz-tan-importante-economia-mundial-n93383\/amp\">\u00bfQu\u00e9 es el Estrecho de Ormuz y por qu\u00e9 es tan importante para la econom\u00eda mundial? &#8211; El Economista<\/a><\/p>\n<\/div>\n<\/div>\n","protected":false},"excerpt":{"rendered":"<p>The Strait of Hormuz is one of the most strategic maritime routes in the world. It connects the Persian Gulf with the Gulf of Oman and provides access to the open ocean for major oil-producing countries in the Middle East. &nbsp; Why is this trade&#8230;<\/p>\n","protected":false},"author":1,"featured_media":450,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":""},"categories":[24,28,67,18,68],"tags":[],"class_list":["post-449","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-economy","category-globalization","category-tariffs","category-trade","category-trade-policy"],"_links":{"self":[{"href":"https:\/\/mexwco.com\/en\/wp-json\/wp\/v2\/posts\/449","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/mexwco.com\/en\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/mexwco.com\/en\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/mexwco.com\/en\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/mexwco.com\/en\/wp-json\/wp\/v2\/comments?post=449"}],"version-history":[{"count":1,"href":"https:\/\/mexwco.com\/en\/wp-json\/wp\/v2\/posts\/449\/revisions"}],"predecessor-version":[{"id":451,"href":"https:\/\/mexwco.com\/en\/wp-json\/wp\/v2\/posts\/449\/revisions\/451"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/mexwco.com\/en\/wp-json\/wp\/v2\/media\/450"}],"wp:attachment":[{"href":"https:\/\/mexwco.com\/en\/wp-json\/wp\/v2\/media?parent=449"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/mexwco.com\/en\/wp-json\/wp\/v2\/categories?post=449"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/mexwco.com\/en\/wp-json\/wp\/v2\/tags?post=449"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}