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How the Strait of Hormuz, a narrow stretch of water where ships carry $1.2 billion of oil every day, is at the heart of spiraling tensions with Iran MarineTraffic.com Recent tensions between Iran and the US are threatening the safety of the world's ships and movement oil in the Strait of Hormuz. The narrow strait is the most important chokepoint for the world's oil supply. Some 21 million barrels — or $1.2 billion worth of oil — pass through the strait every day. One way Iran could exact its revenge on the US and its allies is by shutting or harassing tankers in the strait, which would disrupt oil supply and send prices shooting up. Visi...
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