Tehran gains more by threatening to close the Strait of Hormuz than by actually doing so

Tehran gains more by threatening to close the Strait of Hormuz than by actually doing so

Closing critical ‘choke point’ for oil risks triggering fresh energy crisis and global recession

Iran's threat to block the world's most vital oil transit point has raised fears of major global economic consequences.

Nearly half of Beijing’s crude oil imports pass through the key choke point

Energy analysts warn that investors shouldn't be complacent about the risk to oil supplies as the conflict in the Middle East escalates.

About 20 million barrels of oil a day flow through the Strait of Hormuz, or the equivalent of 20% of global petroleum liquids consumption.

Investors are unconcerned about major oil disruptions, reasoning that Iran is unlikely to close the Strait of Hormuz and harm its own economy.