Straight of Hormuz

Vancouver ( Rajeev Sharma): The Iran has repeatedly warned that it could close the Strait of Hormuz in response to military or economic pressure, a move that would trigger one of the most severe energy crises in modern history. The strait, a narrow waterway only about 33 kilometres wide at its narrowest point, is the main transit route for oil and liquefied natural gas (LNG) exports from major producers such as Saudi Arabia, Iraq, the United Arab Emirates, Kuwait and Qatar.According to international energy assessments, between 13 and 20 million barrels of oil per day (mbpd) nearly 20% of the…