Hormuz Blockade Would Hit More Than Oil | Presented by CME Group

The street of Hermuz plays a critical role in international commerce and disturbances in this region can have significant effects extending well beyond the Middle East. Approximately 20 million barrels per day of crude oil and petroleum products transit the strait equating to about 20% of global petroleum consumption and roughly 25% of the world's seaborn oil trade. Around 20% of global LNG or liqufied natural gas passes through the straight.The region accounts for 30 to 33% of global fertilizer trade as ke ...