The Strait of Hormuz is a small strip of water connecting the Persian Gulf to the worlds oceans. On a typical day, ships carrying about a fifth of the worlds oil sail out of the Gulf through the narrow passageway, but the war with Iran means its effectively closed, hemming in more than 90% of that crude and refined products. AP's Philip Crowther explains more.
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The Strait of Hormuz is a small strip of water connecting the Persian Gulf to the worlds oceans. On a typical day, ships carrying about a fifth of the worlds oil sail out of the Gulf through the narrow passageway, but the war with Iran means its effectively closed, hemming in more than 90% of that crude and refined products. AP's Philip Crowther explains more. Subscribe: http://smarturl.it/AssociatedPress Read more: https://apnews.com This video may be available for archive licensing via https://newsroom.ap.org/home