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Why the Strait of Hormuz matters to the global economy



Why the Strait of Hormuz matters to the global economy

With Iran’s Revolutionary Guard effectively shutting down the strategic Strait of Hormuz following US-Israeli strikes, the closure of this 33-kilometre stretch of water is sending shockwaves across the global economy.

Here’s why:

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45 Comments

  1. @SaibalTirkey on

    Pakistani people supporting Iran but pakistani army and government supporting usa and israel they killed 32 pro iran supporters in karachi 😔😔😔😔😔

  3. @lacepub on

    Iran would lose the war but the US shall collapse as its price
    and Israel took over the vacuum emperor as their goal to establish greater israel, great state needs great leader, ofc Satanyahu isn't the one, Dajjal is fit the seat

  7. @youtuberboy005 on

    If Iran suffers because of US and Israeli aggression, then Western countries should also suffer.
    You will say Asia would be affected too, but if there were no international Law for US and Israel, then why don't we buy oil and gas from Russia?

  16. @ZAR556 on

    Lemme guess,
    The world will start looking for alternative

    Like Oil from Venezuela and Gas from USA

  18. @julian.kollataj on

    This is why renewable energy implementation must be done. A few countries cannot hold the rest of the world back! The conditions which we all live in, including the other 5 million species, must be treated with utmost care! We do not need oil in the long run.

  25. @p.be.s on

    How big of a price? Ask NeTanyaHitler. They started it, Iran has a right to defend itself for 3 years.

  28. @canniceenglish on

    Peoplw forget to understand how America prepared for this. They new iran would do this so they went to control the biggest opil reserves in Venezuela by deposing the president their nicholas maduro. Akerica will feel less pain. The biggest pain will be felt by countries away from south America

  29. @Kohen124 on

    Closing the strait will only harm itself and its partners Russia and China, a decision that goes against Iran itself, just as attacking other nations did, oops.

  40. @JLocauto on

    I don't like trump but now it makes sense why he took over Venezuela? He knew he was going to attack Iran. This some real chest moves being played . Watch he will come and save the day when gas prices soar.

  45. @Living_Life242 on

    Really hope everyone has been preparing for general catastrophe ever since Trump was re-elected. I can’t exactly stockpile years worth of rations, but I’ve been tending to my modern day “victory garden”, we installed solar panels, got an electric car (honestly cheaper than any of the tariffed American brands), slowly stockpiled prescriptions, etc.

    If you can, grow pumpkins, tomatoes, potatoes, sweet potatoes, passion fruit, oregano, etc. Learn what “weeds” grow in your area are edible and find a patch away from the road to allow them them grow while pulling out inedible plants. Consider getting a small solar panel that’s at least capable of charging your phone and a portable radio. Audit your spending; check your bank account and go through your credit card purchases month by month by categorizing them into things like food, non-grocery shopping, restaurants, electricity, water, insurance, etc. Calculate how much you are spending per person per day so you have better context when you buy a treat for yourself. Consider carpooling, walking/biking and planning out once a week trips to buy groceries to save gas.