Reported claim
“The Strait of Hormuz handles roughly 25% of global oil trade.”
Reported by 4 sources.
Belief History
Apr 06
Apr 06
Sources
The strait, which connects Saudi Arabia, the UAE, Kuwait, Qatar, Iraq, and Iran to global markets, handles roughly 25% of global oil trade, about 20% of liquefied natural gas trade, and nearly 30% of fertilizer trade.2026-03-25
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