It’s not just oil. Around one fifth of globally traded liquefied natural gas moved through the Strait of Hormuz in 2024, according to the Energy Information Administration, making it one of the most critical nodes in the world’s energy system. Tanker‑tracking data show that Saudi Arabia alone shipped about 5.5 million barrels per day through the strait in 2024. With about 38% of total crude oil flowing through, the passage is essential for Gulf exporters. While workarounds do exist, including existing pipelines that crisscross their way through the Arabian Peninsula, their limited capacity would struggle to make up for flows that would be lost in a full closure of the strait, leaving the global market particularly susceptible to any sustained disruption.
Shabana Mahmood will press on with hardline immigration policies despite calls for a reversal from unions and left-leaning Labour MPs after the Green party’s byelection victory.
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Breakdown of U.S. retail packaging by weight. Adhesives, inks, and coatings are excluded from Apple’s calculations.
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