If you've ever filled up your car or paid for goods transported globally, you're indirectly connected to the Strait of Hormuz. This narrow waterway, often in the news due to geopolitical tensions, plays an outsized role in the world's energy supply and economy, but not for the reasons you might think.
The Strait of Hormuz is trending because of heightened geopolitical tensions, particularly involving Iran and its nuclear program, as well as recent attacks on shipping in the Red Sea.
Recent events like the Houthis' attacks on commercial vessels in the Red Sea, though not directly in Hormuz, highlight the fragility of global shipping lanes.