The 30-mile-wide Strait of Hormuz plays an important role in world politics. This system is considered so important that global superpowers want to keep their control here. Today’s article will discuss why this method is given so much importance.
The Strait of Hormuz is of particular importance for trade. The importance of the maritime zone is the greatest in terms of the exchange of goods. A large number of goods are transported by ship to various countries of the world through this channel.
Apart from the Strait of Hormuz, there is no other open route to the Persian Gulf. 8 countries around the Persian Gulf depend on the strait every day.
Countries around the Persian Gulf have huge reserves of mineral oil. Therefore, a large part of the oil trade depends on the Strait of Hormuz.
The countries surrounding the Strait of Hormuz have huge reserves of natural gas. Qatar exports the most LNG gas from this region.
Since the Strait of Hormuz is very narrow, the United Nations has arranged two lanes to prevent disruption of shipping. Fossil fuels from the Persian Gulf countries enter China through the Strait of Hormuz. China imports 45% of fossil fuels from this region.
48% of Japan’s oil and gas needs are met through products coming through the Strait of Hormuz. About 30 percent of South Korea’s oil and gas needs are met from the region.
Therefore, if the Strait of Hormuz is closed, the situation of these countries will become dire. All the energy exporting countries will face an economic disaster at that time and the whole world will have to suffer its bad consequences.
World superpowers are trying hard to control this system. That is why military bases of foreign powers can be observed in neighboring countries except Iran.