By Cameron Sothern*
The volume of oil that flows through the Strait of Hormuz gives it geostrategic importance. According to the U.S. Energy Information Administration, “In 2018, its daily oil flow averaged 21 million barrels per day (b/d), or the equivalent of about 21% of global petroleum liquids consumption.”1 If freedom of navigation through the Strait of Hormuz were hampered, an energy crisis would ensue.
