Key facts
- Iran controls the Strait of Hormuz.
- The Strait of Hormuz is a critical chokepoint for global oil shipments.
Iran's control over the Strait of Hormuz serves as a prime example of the power nations can exert over crucial economic chokepoints. This strategic waterway is indispensable for the transit of a significant portion of global oil shipments, underscoring its importance in international trade and energy security.